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Realizing how much interest you will pay for a 30-year mortgage, you decide to investigate a 15-year mortgage. If you were to buy $247,000 home.
- Realizing how much interest you will pay for a 30-year mortgage, you decide to investigate a 15-year mortgage. If you were to buy $247,000 home.
- What would your monthly payment be for 15-year mortgage at 3.3% APR?
- How much total money will you pay the loan company?
- How much of the money paid to the bank for the mortgage is interest?
How much interest did you save by doing a 15-year mortgage?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
