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Mortgage Prepayment Exercise - Scenario 3

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In this scenario we take the base case mortgage presented in the Scenario 0 spreadsheet and a lump-sum principal payment every 10 months commencing at the beginning of the mortgage (month 1). The result is the effective amortization is reduced to 16.92 years and the total interest paid is reduced by $36,456.04 (46.9%)

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