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Loan amount: $ 1 , 0 0 0 , 0 0 0 Term: 3 0 Years Structure: Fully amortizing Payments: annual How much more interest

Loan amount: $

1, 000, 000

Term:

30

Years

Structure: Fully amortizing

Payments: annual

How much more interest is paid over the life of the loan at

7 %

4 % ?

(

You can calculate monthly payments too, the answer is not significantly different

)

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