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Jake would like to buy a house for $1,000,000. Jake put $200,000 down, and then get a mortgage for the rest at 4%, compounded monthly. What is the difference in the
A. What is the difference in the monthly payment if Jake amortize the loan over 30 years vs. 15 years?
B. What is the difference in the total amount of payments if Jake amortize the loan over 30 years vs. 15 years?
C. Which is a better choice?
Please include all steps on a piece of paper
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