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Using current market interest rates for 15- and 30-year mortgages, construct an amortization schedule for each of the Smiths properties. What is the difference in

Using current market interest rates for 15- and 30-year mortgages, construct an amortization schedule for each of the Smiths properties. What is the difference in monthly payments if market interest rates jump to 12 percent for the 30-year mortgage

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