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Suppose you took out a 2 0 year mortgage for $ 3 2 0 , 0 0 0 with an APR of 1 . 7
Suppose you took out a year mortgage for $ with an APR of but you want to pay it off years early.
Complete the table below and determine how much you save by paying off your mortgage early. Simplify your answers and round to the
nearest cent.
You would save
by paying it off early.
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