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The interest rate on a 30-year, $320,000.00 mortgage is 4.10% compounded semi-annually. Calculate the amount of interest saved if the mortgage was settled with month-end

The interest rate on a 30-year, $320,000.00 mortgage is 4.10% compounded semi-annually. Calculate the amount of interest saved if the mortgage was settled with month-end payments in 16 years instead of month-end payments in 30 years.v

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