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5. Now, assume you will pay $100 extra each month toward your mortgage. How many years will you shave off your 30-year loan? How
5. Now, assume you will pay $100 extra each month toward your mortgage. How many years will you shave off your 30-year loan? How much interest will you save? Loan Amount: $295,500 Monthly Payment: $1,372| Extra Monthly Payment: $100 Interest Rate: 3.5% annually (or 0.2917% monthly) Total Payments without Extra: 360 (30 years) Total Interest without Extra Payments:
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
