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Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $ 6 0 , 0 0 0
Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $ Assuming that she puts down, what will be her monthly payment and the total cost of interest over the cost of the loan for each assumption? Use the Table
Note: Do not round intermediate calculations. Round your answers to the nearest cent.
tableMonthly payment,Total cost of interesta Years, b Years, c Years, d Years,
e What is the savings in interest cost between and
Note: Round your answer to the nearest dollar amount.
Interest cost
f If Harriet uses years instead of for both and what is the difference in interest?
Note: Use days a year. Round your answer to the nearest dollar amount.
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