Mortgage Payment Planning Suppose you make payments of
Chapter 3, Problem 3.1.1.474(choose chapter or problem)
Mortgage Payment Planning Suppose you make payments of $884.61 for the $86,000 mortgage in Exercise 53 for 10 years and then make payments of $1050 until the loan is paid.
(a) When will the mortgage be completely paid under these circumstances?
(b) How much do you save with the greater payments compared with the original plan?
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