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Mathematics, 14.04.2022 14:00 fatherbamboo
Ellen and Tim Hinojosa reached an agreed-upon price of $140,000 for the purchase of a house. They made a 10% down payment and had two options for financing the remaining amount: at 5.5% for 25 years or at 6% for 20 years. Which mortgage results in a lower amount of interest paid and by how much?
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Ellen and Tim Hinojosa reached an agreed-upon price of $140,000 for the purchase of a house. They ma...
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