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llen is buying a town house priced at $ 3 4 8 , 0 0 0 . 0 0 . Mortgage A calls for her
llen is buying a town house priced at $ Mortgage A calls for her to make equal monthly payments for years at a monthly interest rate of with her first payment due in month. However, her loan officer has offered her a new opportunity involving equal monthly payments for years at a monthly interest rate of with her first payment due later today. By how much would switching from mortgage A to the new opportunity reduce the amount of Ellen's monthly loan payment?
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