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Jamie plans to take out a $350,000 home loan with an annual interest rate of 7%. She must choose between a 30 year or

Jamie plans to take out a $350,000 home loan with an annual interest rate of 7%. She must choose between a 30 year or 15 year term. What would be Jamie's payment on a 30 year loan? What would be Jamie's payment on a 15 year loan? How much would Jamie pay total for her home on a 30 year loan? How much would Jamie pay total for her home on a 15 year loan? mb

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