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Suppose we borrow $400,000 for a new home being paid over 30 years in equal monthly installments at a rate of 3.24% APR compounded monthly.

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Suppose we borrow $400,000 for a new home being paid over 30 years in equal monthly installments at a rate of 3.24% APR compounded monthly. After 15 years (half the life of the loan), will we owe more or less than $200,000 (half the original loan amount)? O more O less O we will owe exactly $200,000

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