Question: What will be the balance owed after 20 years on the 25-year mortgage? Compare this balance to the Question 1 result. Which mortgage alternative puts

What will be the balance owed after 20 years on the 25-year mortgage? Compare this balance to the Question 1 result. Which mortgage alternative puts you in a better financial position 20 years from now? Where did all of the “interest savings” go?

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