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The of a cabin 5 0 , 0 0 0 . The bank requires a 5 % down payment. The buyer is offered two mortgage

The of a cabin 50,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20 year fixed at 9% or 30 year fixed at 9% How much does the buyer in interest with the 20 year
option?

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