51580 OS Because of the rate cap, the payment would not change QUESTION 2 house is for sale for $250. You have a choice of two y amortising 20-year man with monthly meet you make a down payment of $25.000, you can obainishwa Interest of you want of 50 000. you can obtain a loan wie oft What the chance to the addssonal borrowed on the 7. 20:10 015 10.95 QUESTIONS Type here to search O II 5 QUESTION 2 A house is for sale for $250,000. You have a choice of two fully amortizing 20-year mortgage loans with monthly payments: (1) if you make a down payment of $25,000, you can obtain a loan with a 3.5% rate of interest or (2) if you make a down payment of $50.000, you can obtain a loan with a 3% rate of interest. What is the effective annual rate of interest on the additional $25.000 borrowed on the first loan? 7.1496 20.10% 3.590 O 0.596 10.95% 1 points Click Save and submit to saze and submit. Click Save all answers to save all answers. Strand Submit Type here to search 51580 OS Because of the rate cap, the payment would not change QUESTION 2 house is for sale for $250. You have a choice of two y amortising 20-year man with monthly meet you make a down payment of $25.000, you can obainishwa Interest of you want of 50 000. you can obtain a loan wie oft What the chance to the addssonal borrowed on the 7. 20:10 015 10.95 QUESTIONS Type here to search O II 5 QUESTION 2 A house is for sale for $250,000. You have a choice of two fully amortizing 20-year mortgage loans with monthly payments: (1) if you make a down payment of $25,000, you can obtain a loan with a 3.5% rate of interest or (2) if you make a down payment of $50.000, you can obtain a loan with a 3% rate of interest. What is the effective annual rate of interest on the additional $25.000 borrowed on the first loan? 7.1496 20.10% 3.590 O 0.596 10.95% 1 points Click Save and submit to saze and submit. Click Save all answers to save all answers. Strand Submit Type here to search