Answer following

A competitor bank, Four-Fifth, offers you an alternative deal for buying the house. It says that you can pay $60,000 today and make the $3,250 at the end of each month for the next 20 years. Will you accept the new deal relative to that offered by Third- Fifth given an annual rate of 8 percent and why? (credit will only be given if you provide numerical support for your decision) Edit Format Table 12pt V Paragraph B T U