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In: Advanced Math

On a $375,000 home loan, you can either finance at 5.6% for 20 or 30 years....

On a $375,000 home loan, you can either finance at 5.6% for 20 or 30 years. Find the monthly payment and the total paid over each loan. Which loan do you pay more interest on. How much more interest is paid? Are you shocked at the difference?

need this worked out so i can see every step and formula used

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Expert Solution

Colby Messinger answered 2 years ago
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