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Total Interest Paid. Lloyd and Jean are considering purchasing a home requiring a $ 1 0 3 , 0 0 0 mortgage. The payment on
Total Interest Paid. Lloyd and Jean are considering purchasing a home requiring a $ mortgage. The
payment on a year mortgage for this amount is $ The payment for a year maturity is $ 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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