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amawer right please Mike is buying a new construction $437.500 house in the suburbs. He's so excited to finally purchase his dream home. He's been

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Mike is buying a new construction $437.500 house in the suburbs. He's so excited to finally purchase his dream home. He's been approved for a $350,000 mortgage with the terms as shown below. Mike wants to get out of debt as fast as possible and can afford to make $250 in extra payments on his mortgage. Use the Loan Repayment Calculator to figure out the below Time Savings 6.78 years Monthly Payment D (\$250) Annual Paid Differen ($3,000) rotal Interest Saving $78,823 If Mike makes $250 of extra payments each month on his mortgage, what's his total interest savings? Imagine if he invested these savings over time how much money that could grow to. $ How much faster does Mike repay his mortgage by making the extra $250 payment each month? years x

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