In 6466, round to the nearest dollarIn terms of paying
Chapter 0, Problem 65(choose chapter or problem)
In 6466, round to the nearest dollarIn terms of paying less in interest, which is more economicalfor a $70,000 mortgage: a 30-year fixed-rate at 8.5% or a20-year fixed-rate at 8%? How much is saved in interest?Discuss one advantage and one disadvantage for eachmortgage option.
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