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You can take out a $150,000, 30-year mortgage at a rate of 4.2%, compounded monthly. Your brother can take out a $150,000, 30-year mortgage at

You can take out a $150,000, 30-year mortgage at a rate of 4.2%, compounded monthly. Your brother can take out a $150,000, 30-year mortgage at a rate of 7.4%, compounded monthly. How much more per month would your brothers payment be?

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