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For the following exercises, create an amortization table for $135,000 home purchase at 4.6% fixed APR. Remember mortgages are generally paid monthly. 4. 30 years
For the following exercises, create an amortization table for $135,000 home purchase at 4.6% fixed APR. Remember mortgages are generally paid monthly. 4. 30 years 5. 15 years 6. How do the 15-year and 30-year loans compare in total amount paid and interest paid? 7. How much is saved if you round each payment up to the nearest $100? (Ctrl)
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