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Samuel is buying a house that sells for $214,000. The bank is requiring a minimum down payment of 20%. The bank has offered Seth 2

Samuel is buying a house that sells for $214,000. The bank is requiring a minimum down payment of 20%. The bank has offered Seth 2 choices for the mortgage, a 15 year loan at 3.75% or a 30 year loan at 4%

a. Find the monthly payment for the 3.75% 15 year loan

b. Find the monthly payment for the 4% 30 year loan

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