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  • Feb 13, 2011, 09:40 PM
    aaulshotmail
    Finance
    The price of a small cabin is $30000. The bank requires a 5% down payment. The buyer is offered two mortgage options. 20-year fixed at 7% or 30 year fixed at 7%. 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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