Question: - Tom and Jerry both bought houses at the same time and each has a $ 2 0 0 , 0 0 0 mortgage. Tom

-Tom and Jerry both bought houses at the same time and each has a $200,000 mortgage. Toms mortgage is a 30 year with a fixed rate of 4.5%. Jerrys mortgage is a 15 year with a 4.25% rate. How much more in total payments will Tom make over Jerry? Assume monthly payments in your answer.

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