What is the difference in the total interest payments between a 25-year 5.85% fixed rate fully amortizing

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What is the difference in the total interest payments between a 25-year 5.85% fixed rate fully amortizing loan for $320,000 and an identical loan taken out for 15 years?
a) $128,350.84
b) $87,484.41
c) $169,388.62
d) $96,736.37

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: Oct 17, 2023 03:03 PM

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What is the difference in the total interest payments between a 25-year 5.85% fixed rate fully amortizing

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Income Tax Fundamentals 2013

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