Use PMT to determine the regular payment amount, rounded to the nearest dollar. In terms...
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Use PMT to determine the regular payment amount, rounded to the nearest dollar. In terms of paying less in interest, which is more economical for a $170,000 mortgage a 30-year fixed-rate at 8% or a 20-year foxed-rate at 7.5% How much is saved in interest? Determine which loan is more economical. Choose the correct answer below O The 30-year 8% loan is more economical The 20-year 7.5% loan is more economical The buyer will save approximately in interest (Do not round until the final answer Then found to the nearest thousand dollars)
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