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On a piece of paper or on a device with a touch screen, hand write the solution to the following problem. Then photograph or save
On a piece of paper or on a device with a touch screen, hand write the solution to the following problem. Then photograph or save the file in .pdf form and submit it on this page. You would like to buy a house for $1,000,000. You put $200,000 down, and then get a mortgage for the rest at 4%, compounded monthly. What is the difference in the a) monthly payment and b) total amount of payments if you amortize the loan over 30 years vs. 15 years
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