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1. What is the product life cycle? How does it affect pricing decisions?

2. What will be your monthly payment on a $400,000 15 and a 30 yr mortgage if the rate is 4.15%for people with good credit and 13.5% for people with bad credit 4 calculations? Also, how much interest will you pay over the life of the 4 loans you just calculated?  (The mortgage is $400,000 you may have to adjust a bank rate default of 20% down)

3. Why would someone finance a house with a 10 year interest only loan (site 3 reasons)?

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