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Your friends suggest that you take a 1 5 - year mortgage, because a 3 0 - year mortgage is too long and you will

Your friends suggest that you take a 15-year mortgage, because a 30-year mortgage is too long and you will pay a lot of money on interest. If your bank approves a 15-year, $600,000 loan at a fixed nominal interest rate of 9%(APR), then the difference in the monthly payment of the 15-year mortgage and 30-year mortgage will be ?(Note: Round the final value of any interest rate used to four decimal places. )

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