Question: Finance.set.4: Problem 7 Previous Problem Problem List Next Problem Suppose you take out a 30 year mortgage for $ 200000 at 8% interest. The monthly

Finance.set.4: Problem 7 Previous Problem Problem List Next Problem Suppose you take out a 30 year mortgage for $ 200000 at 8% interest. The monthly payments on this loan are $ 1467.53 If you pay an extra 10% per month on your mortgage, how soon will you pay off the loan? New length in years - How much will you save in interest by making the extra payments? Saving If you put $1467.53 per month into an annuity earning 11% interest compounded the remaining time on your original loan, how much money will you have at the end of the original 30 years? Extra savings - monthly for

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