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Subject: Personal Finance Question 2 a) Geeg and Katy are considering purchasing a home requiring an RM85.000 mortgage. The payment on a 30-year mortgage for

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Subject: Personal Finance

Question 2 a) Geeg and Katy are considering purchasing a home requiring an RM85.000 mortgage. The payment on a 30-year mortgage for this amount is RM605. The payment for a 15-year mortgage is RM752. What is the additional amount of interest paid on the 30-year mortgage? (10 marks)

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