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Recall from lecture that add - on interest loans charge more interest than amortized loans. Suppose you are offered a 6 % APR on a

Recall from lecture that add-on interest loans charge more interest than amortized loans.
Suppose you are offered a 6% APR on a 20 year home loan. If you pay $0 down and the sales price of the house is $339,000, then calculate how much more interest an add-on interest loan would charge compared to an amortized loan. Use an APR Table darr to find the finance charge for the amortized option.
Round your answer to two decimal places.
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