Question
Alex is comparing two mortgage opportunities for his potential $120,000 mortgage. Mortgage A: 15 years at 5% with monthly payments of $948.95 Mortgage B: 20
Alex is comparing two mortgage opportunities for his potential $120,000 mortgage.
Mortgage A: 15 years at 5% with monthly payments of $948.95
Mortgage B: 20 years at 5.5% with monthly payments of $825.46
How much is the total payback for each mortgage option?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
