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You took out a 20 year mortgage of $350 090 3 years ago where you pay $2 450.00 pe month . You want to decide
You took out a 20 year mortgage of $350 090 3 years ago where you pay $2 450.00 pe month . You want to decide on whether you should pay the mortgage off early . What are the factors you should consider in making this decision if your household income is $6 090 and your monthly expenses of $2 500 . Your family includes 3 children who are 12 10 and 8 years old . Discuss how you would proceed in making such a decision , State all assumptions 15 points
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