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By how much can you reduce the term of loan

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Reference no: EM131793502

Question: If you buy a house for $ 300,000 at 3.75% interest, what are your monthly payments for a 30 year conventional loan? If you pay a extra $ 300 each month, by how much can you reduce the term of your loan? Use excel for calculations, show formulas.

Reference no: EM131793502

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