Question
Borrower A has a $100,000 30-year loan at 3.75%. Borrower B has a $100,000 15-year loan at 3.75%. At the end of 10 years, who
Borrower A has a $100,000 30-year loan at 3.75%. Borrower B has a $100,000 15-year loan at 3.75%. At the end of 10 years, who will have paid more principal?
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Borrower B will have paid more principal at the end of 10 years Lets calculate the monthly payments ...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
