If I buy a $300,000 house at 6% interest for 30 years, how much would...
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Accounting
If I buy a $300,000 house at 6% interest for 30 years, how much would I pay in interest over the life of the loan? How would I find out how much I would pay in total interest? What if I change it to 4% for 15 years? How does that change things? Will I pay more interest at the beginning or the end of the mortgage? Which option would you choose and why?
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