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Lloyd and Jean are considering purchasing a home requiring a $111,000 mortgage. The payment on a 30-year mortgage for this amount is $708.91. The payment

Lloyd and Jean are considering purchasing a home requiring a $111,000 mortgage. The payment on a 30-year mortgage for this amount is $708.91. The payment for a 15-year maturity is $973.04. What is the difference in the total interest paid between the two different maturities?

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