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Total Interest Paid. Lloyd and Jean are considering purchasing a home requiring a $105,000 mortgage. The payment on a 30-year mortgage for this amount is
Total Interest Paid. Lloyd and Jean are considering purchasing a home requiring a $105,000 mortgage. The payment on a 30-year mortgage for this amount is $748.61. The payment for a 15-year maturity is $985.33. What is the difference in the total interest paid between the two different maturities? The difference in the total interest paid between the two different maturities is $ (Round to the nearest cent.)
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