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Maria and John have been renting a small apartment

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Maria and John have been renting a small apartment but decide to purchase
a house. The selling price is $400,000. They will make a 20% down payment.

They are considering 2 financing options:
Option 1: 3.0% interest 30 year mortgage
Option 2: 2.75% interest 15 year mortgage

Question: Which option will result in the most total interest if they take the full term of the mortgage? What will that total interest be?

 
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