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Geeg and Katy are considering purchasing a home requiring an RM85,000 mortgage. The payment on a 30-year mortgage for this amount is RM605. The payment
Geeg and Katy are considering purchasing a home requiring an RM85,000 mortgage. The payment on a 30-year mortgage for this amount is RM605. The payment for a 15- year mortgage is RM752. What is the additional amount of interest paid on the 30- year mortgage?
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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
