Question: For the first 20 years, the monthly payments on the 25-year amortization are $67.76 lower than the payments on the 20-year amortization loan. Suppose you
For the first 20 years, the monthly payments on the 25-year amortization are $67.76 lower than the payments on the 20-year amortization loan. Suppose you invest this difference each month to earn the same rate of interest that you pay on either mortgage. How much will you accumulate after 20 years?
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