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Jordan has found a fixed rate mortgage for $650,000 at six percent interest amortized over 30 years. How much would his payment be if he
Jordan has found a fixed rate mortgage for $650,000 at six percent interest amortized over 30 years. How much would his payment be if he wanted to amortize the mortgage over 15 years instead of 30 years? (Show your calculations under both amortization periods)
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