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Assignment 3 1 5 versus 3 0 year mortgage 5 0 Points Due: June 1 6 , 2 0 2 4 , 1 1 :

Assignment 315 versus 30 year mortgage
50 Points Due: June 16,2024,11:59PM
The purchase of a home and the associated mortgage loan is one of the largest financial decisions that most people make in life.
The standard mortgage loan is a fixed rate for 30 years with other options
\table[[The standard mortgage loan is a fixed rate for 30 years with other options],[\table[[The standard mortgage loan is a fixed rate for 30 years with other options],[available such as a 15 year fixed rate mortgage, variable]]],[\table[[available such as a 15 year fixed rate mortgage, variable],[rate rfortgages. To show the financial differences between a]]],[\table[[rate rfortgages. To show the financial differences between a],[30 and 15 year fixed rate mortgage, search for a mortgage calculator]]],[{
\table[[and use the following information and answer the questions.],[Select the monthly "Amortization schedule" for monthly amounts.]]}],[],[\table[[Select the monthly],[Submit through D2L Assignments.]]],[Purchase price,$400,000,,,,,,],[Down payment-20%,$80,000,,,,,,],[Mortgage loan,$320,000,,,,,,],[,,,,,,,],[Loan term/rate-second calculation: 15 years ?6%
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