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Question 1 4 2 . 5 p t s You are looking to buy a home in San Marcos. The bank offers you a fifteen

Question 14
2.5pts
You are looking to buy a home in San Marcos. The bank offers you a fifteen-year loan with a 6.0% APR or a thirty-year loan with a 7.0% APR. The loan amount is $310,000. Calculate the difference between the monthly payments. Note: The shorter loan has a higher payment.
$554
$580
$591
$508
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