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Suppose you take out a 30 year mortgage for $ 250000 at 7.5% interest. The monthly payments on this loan are $ 1748.04. If you

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Suppose you take out a 30 year mortgage for $ 250000 at 7.5% interest. The monthly payments on this loan are $ 1748.04. If you pay an extra 50% per month on your mortgage, how soon will you pay off the loan? New length in years How much will you save in interest by making the extra payments? Saving 9.5% interest compounded monthly for the remaining time on your original If you put $ 1748.04 per month into an annuity earning loan, how much money will you have at the end of the original 30 years? Extra savings Note: You can earn partial credit on this oro

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