Capella BUS4070 BUS 4070 Unit 4 Assignment 1

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BUS 4070 Unit 4 Assignment 1

Using an example of the amount to be mortgaged being $100,000-
$100,000 @7% for 14 yrs = $57,147 in interest
$100,000 @5.5% for 15 yrs = $47,074 in interest
Assuming that the closing costs are not included in the mortgage and are paid up front
Cannot take into consideration previously paid closing costs

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