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You plan to buy a $ 2 5 0 , 0 0 0 home with a 2 0 % down payment. The bank you want

You plan to buy a $

250, 000

home with a

20 %

down payment. The bank you want to finance the

loan through suggests two options: a

15 -

year mort

-

gage at

4.25 %

APR and a

30 -

year mortgage at

5 %

APR. What is the difference in monthly payments

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