Miranda is buying a house and will need to borrow $150,000 after she m – InterviewSolution

1.	Miranda is buying a house and will need to borrow $150,000 after she makes her down payment. She can choose a 25 year mortgage or a 30 year mortgage at an interest rate of 3% compounded annually, how much more will the 30 year mortgage cost than the 25 year mortgage?
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