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Aleem Needs to Figure Out How Much Interest He Would

Question 79

Multiple Choice

Aleem needs to figure out how much interest he would save if he paid off his mortgage over 15 years instead of 30 years? His mortgage is $100 000 at six percent interest calculated semi-annually.


A) $44 111
B) $107 069
C) $58 297
D) $62 959.

Correct Answer:

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