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What is the present value of the savings between a thirty - year mortgage that has an interest rate of 9 % and one that
What is the present value of the savings between a thirtyyear mortgage that has an interest rate of and one that has an interest rate ofAssume that payments are made at the end of the year and assume a discount rate of You must find the present value of the difference between the payments you would make on the mortgage and the mortgage.
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