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Mercedes is debating between two different mortgages for $142,000. She found a 20-year fixed rate loan at 7.45% and 15-year fixed rate loan at the
Mercedes is debating between two different mortgages for $142,000. She found a 20-year fixed rate loan at 7.45% and 15-year fixed rate loan at the same rate. How much more interest will she pay for the 20-year loan versus the 15-year
A: $37,284.60 B: $41,941.28 C: $43,278.19 D: $49,580.97
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