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2. Compare and contrast the monthly and total repayments of the following alternative loans for $425,000. a. Interest only over 10 years at a rate
2. Compare and contrast the monthly and total repayments of the following alternative loans for $425,000. a. Interest only over 10 years at a rate of 3.45% b. Partially amortized over 15 years, with a balloon payment of $200,000, at a fixed rate of 3.70%. c. Fully amortized over 30 years at a fixed rate of 3.75%
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