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1 9 . You need a $ 2 3 0 0 0 0 mortgage and have a great credit rating. The posted interest rate for

19. You need a $230000 mortgage and have a great credit rating. The posted interest rate for the term you want is 7.95%. If you amortize this mortgage over 25 years, and negotiate the rate down to 7.1%, compare the monthly payments and the total interest with each interest rate. (5

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