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You plan to buy a $250,000 home with a 20% down payment. The bank you want to finance the foan through suggests two options: a

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You plan to buy a $250,000 home with a 20% down payment. The bank you want to finance the foan through suggests two options: a 15-year morgage at 4.25% APR and a 30-year mortgage at 5% APR. What is the difference in monthly. payments between these two options? The monthly payment under the first option will be s (Round to the nearest dollar.)

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