Question: How long would it take for S&S to pay off the smart loan assuming 30-year traditional mortgage payment? Why is this shorter than the time

How long would it take for S&S to pay off the smart loan assuming 30-year traditional mortgage payment? 

Why is this shorter than the time needed to pay off the traditional mortgage? 

How much interest would the company save?

Loan - $35,000,000

APR - 5.7%

$35,000,000 at 5.7% APR for 30 years:

Monthly Payment = $203,140.15


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