Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Transcribed Image Text:How much interest (to the nearest dollar) would be saved on the following loan if the home were financed for 15 rather than 30 years?
A $505,000 home bought with a 20% down payment and the balance financed for 30 years at 4.7%
2$
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