10. John is about to purchase a home and wants you to help him decide between a 15-year and a 30-year mortgage. He plans to borrow $300,000. John is trying to become more financially smart and wants to select the plan that is the least expensive in the long run. Given the rates below, help John decide which mortgage would the best for him by filling in the blanks below. 15-year Mortgage rate 6.8% Monthly Payment Balance after 5 years_ Total Amount Paid 30-year mortgage 7.5% Monthly Payment Balance after 5 years_ Total Amount Paid

10. John is about to purchase a home and wants you to help him decide between a 15-year and a 30 -year mortgage. He plans to borrow $300,000. John is trying to become more financially smart and wants to select the plan that is the least expensive in the long run. Given the rates below, help John decide which mortgage would the best for him by filling in the blanks below. 15-vear Mortgage rate 6.8% Monthly Payment Balance after 5 years Total Amount Paid 30-year mortgage 7.5% Monthly Payment Balance after 5 years Total Amount Paid