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If you make a one time extra principle payment of 22000 in


You have a home loan of $150,000. The interest rate is 5.5% and the loan is for 30 years, with monthly payments. If you make a ONE TIME extra principle payment of $22,000 in period number 18, how much do you SAVE in total interest paid of the life of the loan?

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Financial Accounting: If you make a one time extra principle payment of 22000 in
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