Lump-Sum Pensions and Interest Rates: How Lump-Sums Can …

money over a period of time at a certain cost (mortgage interest rate) to you, the borrower, to pay off the loan1. So if you have a $100,000 mortgage loan that you want to pay off over 30 years, and the rate is 4%, the mortgage payment is $477/month. If you make each payment, the mortgage will be paid off in 30 years. ................
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