Question
Caleb and Kaitlyn currently pay $2,000 for their mortgage on the first of each month. Assuming their bank allows for the following payment options, which
Caleb and Kaitlyn currently pay $2,000 for their mortgage on the first of each month. Assuming their bank allows for the following payment options, which option would allow Caleb and Kaitlyn to pay off their mortgage the fastest?
Answers:
A. $500 per week
B. $1,000 every two weeks
C. $1,500 every three weeks
D. $2,000 once a month
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
