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10. The Yang family plans to buy a new house soon and is considering mortgage options. They are considering two options, a 15-year mortgage with

  • 10. The Yang family plans to buy a new house soon and is considering mortgage options. They are considering two options, a 15-year mortgage with an APR of 2.75% or a 30-year mortgage with an APR of 3.14%. Both options compound interest monthly. Currently the Yang family spends (e) $1,304 each month in rent and plan to spend the same amount on a mortgage payment. They do not currently have a down payment and will finance the full price of the home. Round answers to whole numbers.

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