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Brenda wants to know how much interest she would save if she amortized her mortgage over 15 years instead of 25 years. Assume she makes
Brenda wants to know how much interest she would save if she amortized her mortgage over 15 years instead of 25 years. Assume she makes monthly payments and the total mortgage amount is $350,000 and the interest rate is 2.5% compounded semi-annually. Input your answer to the nearest dollar.
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