Question: Lloyd and Jean are considering purchasing a home requiring a $ 75,000 mortgage. The payment on a 30- year mortgage for this amount is $

Lloyd and Jean are considering purchasing a home requiring a $ 75,000 mortgage. The payment on a 30- year mortgage for this amount is $ 498.97. The payment for a 15- year maturity is $ 674.12. What is the difference in the total interest paid between the two different maturities?

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