Mortgage Calc

Question # 00005566 Posted By: paul911 Updated on: 12/17/2013 12:33 PM Due on: 12/18/2013
Subject Finance Topic Finance Tutorials:
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A loan officer states, "Thousands of dollars can be saved by switching to a 15?year

mortgage from a 30?year mortgage." Calculate the difference in payments on a 30?year

mortgage at 9% interest versus a 15?year mortgage with 8.5% interest. Both mortgages are

for $100,000 and have monthly payments. What is the difference in total dollars that will

be paid to the lender under each loan?
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Tutorials for this Question
  1. Tutorial # 00005363 Posted By: paul911 Posted on: 12/17/2013 12:33 PM
    Puchased By: 2
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    The solution of Mortgage Calc...
    mortgage_calc.xlsx (10.26 KB)

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