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A couple needs a mortgage of $300,000. Their mortgage broker presents them with two options: a 30year mortgage at 8 1/2% interest or a 15year mortgage at 7 3/4% interest. (Round your answers to the nearest cent.) (a) Find the
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A couple needs a mortgage of $300,000. Their mortgage broker presents them with two options: a 30year mortgage at 8 1/2% interest or a 15year mortgage at 7 3/4% interest. (Round your answers to the nearest cent.) (a) Find the
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FreddieMac reports that the average rate on a 30year fixed rate mortgage is 3.92% as of January 2012. This is down from 4.76% in January 2011 and 5.03% in January 2010. If you have a $225,000, 5%, 30year mortgage, how much
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