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What is the total repayment

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The Roger's applied for a $70,000 mortgage for 30 years at 9%. Since they had a good credit history, they actually qualified for a 25 year mortgage at 7%. What were the payments on the 9% loan, and the 7% loan? What do they save monthly? What is the total repayment on the 9% loan and the 7% loan, and what do they save over the life of the loan?

Reference no: EM133120277

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