Question
32 You are weighing two different mortgage options for a $150,000 loan you plan to take out. The first is a 30-year loan with a
32
You are weighing two different mortgage options for a $150,000 loan you plan to take out. The first is a 30-year loan with a 5.00% interest rate, while the second is a 15-ye with a 4.00% interest rate. How much interest would you save by choosing the 15-year option?
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
