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April 17, 2014

Homework Help: algebra

Posted by tracy on Wednesday, November 7, 2012 at 10:13pm.

The price of a small cabin is $85000 the bank requires a 5% down payment the buyer is offered two mortgage options: 20 year fixed at 9.5% or 30 year fixed at 9.5% calculate the amount of interest paid for each option how much does the buyer save in interest with the 20 year option

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