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Your bank offers you two choices for your new home loan of $320,000. Your choices are a 30-year loan with an APR of 4.25% or

Your bank offers you two choices for your new home loan of $320,000. Your choices are a 30-year loan with an APR of 4.25% or a 15-year loan with an APR of 3.8%. Compare your monthly payments and total loan cost to decide which loan you should take

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