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Examine the loan summaries below for each of two situations. How much interest and loan time was saved by making the extra $100 in payments
Examine the loan summaries below for each of two situations. How much interest and loan time was saved by making the extra $100 in payments toward principal each month? Without Extra Payment With Extra Payment Monthly Payment $2,216.06 $2,316.06 Scheduled Payments 180 180 Actual Payments 180 170 Total Extra Payments 0 $16,900.00 Total Interest $98,890.48 $92,704.88
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
