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Assume a Selling Price of $88,000, a Down Payment of $24,000

Question 69

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Assume a selling price of $88,000, a down payment of $24,000, and a mortgage at 13% for 30 years. If the loan was for 25 years, what would be the difference in the total interest cost of the loan?

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25 years: 88,000 - 24,000 = 64,000; 64,0...

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