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Clear hand writing or Typewritten 19. You need a $230000 mortgage and have a great credit rating. The posted interest rate for the term you
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19. You need a $230000 mortgage and have a great credit rating. The posted interest rate for the term you want is 7.95%. If you amortize this mortgage over 25 years, and negotiate the rate down to 7.1%, compare the monthly payments and the total interest with each interest rateStep by Step Solution
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