Questions 6-10. Suppose Calvin Cordozar Broadus, Jr. (aka Snoop Doggy Dogg) is considering moving his family to Manhattan. His real estate agent has managed to locate a penthouse apartment that overlooks Central Park for $\$ 2.4$ million. He will have \$2.1 million from the sale of his current home as a down payment. Snoop would like to finance the remainder of the cost and his banker has presented two options: a 30 -year fixed-rate mortgage at $8 \%$ or a 20 -year fixed-rate mortgage at $7.5 \%$. How much is saved in interest by choosing the more economical mortgage? (round to the hundredths place)

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