Mortgage Payment Planning An $86,000 mortgage for 30 years
Chapter 3, Problem 3.1.1.473(choose chapter or problem)
Mortgage Payment Planning An $86,000 mortgage for 30 years at 12% APR requires monthly payments of $884.61. Suppose you decided to make monthly payments of $1050.00.
(a) When would the mortgage be completely paid?
(b) How much do you save with the greater payments compared with the original plan?
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