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you are buying property for $375,000 you have 10 % cash in your bank account that you can use for a down payment. The bank

you are buying property for $375,000 you have 10 % cash in your bank account that you can use for a down payment. The bank now proposes an interest average of 3 per cent for a 25-year mortgage. You'd like to pay off the debt faster and you're considering turning the tem to just 20 years. Calculate what the annual cost on both the 20 and 25 year mortgage will be. Show off your job.

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