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Please help. been struggling with these two all morning. many thanks. You can save a significant amount of mortgage interest pald if you make one

Please help. been struggling with these two all morning. many thanks. image text in transcribed
image text in transcribed
You can save a significant amount of mortgage interest pald if you make one additional principol and interest payment a year. This will reduce a 30 year mortgage by around 6 years. It akso increases your equity in the home faster. If you choose to pay one additional mortgage payment a year by paying 112 of it cach month (make certain to note the extra money is to reduce principal), how much will you pay each month for a mortgage of $156,000 at 5.5% for 20 years? (Do not round intermediate colculations. Round your answer to 2 decimel pleces.) Complete the following table: (Do not round intermediate colculations. Round your answers to the neorest cent.)

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