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12th grade place value research
Mortgages, exponential growth and interest
Many homeowners try to pay more on their mortgage each month in the hopes that it will save them money in the long run. Is this an accurate belief? For this exercise, you will determine the minimum payment for different mortgage products. You will also decide whether it is worth paying early. Note this exercise will not address the possibility of late or early payments, tax breaks for making an extra payment every year and other variables. Some of those are addressed in the extension assignment
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Grades:
10th - 12th, Higher Education, Adult Education, Staff
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