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boxes in the tables like the ones on the next page. This question allows you to compare savings that can be experienced depending on

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boxes in the tables like the ones on the next page. This question allows you to compare savings that can be experienced depending on the choices made for a mortgage. The mortgage is for $150 000 and assume 7% interest unless otherwise states (as in part d). a. Compare a 25-year amortization period to a 20-year amortization period using a table like the following. Amortization Period Total Number of Monthly Payment Total Interest Paid Payments 25 years 20 years 25x12 = 300 20x12 = 240 Which is the best choice and how much would be saved? b. Compare payment frequencies - monthly with accelerated weekly - using a table like the following. Payment $1050.62/month $262.66/week Total Number of Payments 25x12 = 300 Total Interest Paid Which is the best choice and how much would be saved?

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