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With a selling price of $125,000, a down payment of $20,000, and a mortgage rate of 6% for 30 years, if the loan was for
With a selling price of $125,000, a down payment of $20,000, and a mortgage rate of 6% for 30 years, if the loan was for 25 years, what would be the difference in the total interest cost of the loan? (Round your intermediate calculations and final answer to the nearest cent.)
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
