Question: Use PMT =to determine the regular payment amount, rounded to the nearest dollar. In terms of paying less in interest over the full term of

Use PMT =to determine the regular payment amount, rounded to the nearest dollar.

In terms of paying less in interest over the full term of the mortgage, which is more economical for amortgage : 25-year fixed at 8.00% or 15-year fixed at 7.50%?

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