Practical Business Math Procedures
Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 15.1, Problem 9AH

(a)

To determine

The monthly payment more to pay to choose a 25-year mortgage instead of a 30-year mortgage.

(b)

To determine

The saving in cost of interest to choose a 30-year mortgage instead of a 15-year mortgage.

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