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Suppose a 67900 mortgage is to be amortized at 85 interest

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Suppose a $ 67,900 mortgage is to be amortized at 8.5% interest. Find the total amount of interest that would be paid for a 15 year and a 35 year term. What is the amount of interest for a 15 year mortgage? What is the amount of interest for a 35 year mortgage?

Reference no: EM13607687

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