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Compare the following two loans. Loan 1: $175,000; 8% annual (monthly payments); 30 years. Loan 2: $175,000: 7% annual (monthly payments); 15 years. If
Compare the following two loans. Loan 1: $175,000; 8% annual (monthly payments); 30 years. Loan 2: $175,000: 7% annual (monthly payments); 15 years. If you pay an additional $250 per month in additional principle on Loan 1 only, which loan pays off sooner? Loan of $175,000, 8% interest (annual), monthly payments, 360 periods (months): How many periods to pay off this loan, if you pay an extra 350 per month in extra principle?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
