Mathematics, 09.12.2020 21:10 binu
Mark takes out a $238,000 mortgage for 30 years. Instead of paying his monthly payment of $1,220.09, he decided to pay $1,420.09. This leads to Mark paying off the entire mortgage in 22 years and 5 months. Mark calculates the percent of the total loan he pays back in interest with and without the extra payments. What is the difference between Mark's calculated percentages?
Answers: 2
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Mark takes out a $238,000 mortgage for 30 years. Instead of paying his monthly payment of $1,220.09,...
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