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Mathematics, 23.03.2020 08:02 boo6931

Rich and Melinda are comparing mortgages. Their mortgage is for $249,000. If they choose 15 years at 4%, their monthly payment will be $1841.82. If they choose 20 years at 5%, their monthly payment will be $1643.29.

How much will be the total payback amount for each loan?

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