In terms of paying less in interest, which is more economical for a 150,000 mortgage: a 30

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In terms of paying less in interest, which is more economical for a 150,000 mortgage: a 30 year fixed at 8% or a 20 year fixed rate at 7.5%? How much is saved in interest?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 08, 2023 04:01 PM

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In terms of paying less in interest, which is more economical for a 150,000 mortgage: a 30

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ANSWER IS To determine which option is more economical in terms of paying less interest we need to c... View the full answer

Income Tax Fundamentals 2013

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