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Now, assume you picked the 15-year mortgage. After you pay off your loan (in 15 years), you are going to invest your budgeted monthly payment
Now, assume you picked the 15-year mortgage. After you pay off your loan (in 15 years), you are going to invest your budgeted monthly payment ($1,450) in an investment account for 15 years. How much money would you have in your investment account at the end of 15 years (assume a 6% return rate and you would make the $1,450 contribution at the end of each month)?
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