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Johnny Bravo has two loan alternatives to finance his home mortgage. The house that you interest is for sale for $ 180,000, but he can
Johnny Bravo has two loan alternatives to finance his home mortgage. The house that you interest is for sale for $ 180,000, but he can give a prompt payment of $ 35,000. The Little Giving Bank offers you a loan for the balance of the debt at an effective annual interest rate of 3.0% (APY). the which is based on monthly payments. The loan is expected to be repaid in 15 years. The Cooperative Super Peso offers a compound annual rate of 3.5% per month and it is assumed that the 20 year loan Required a) Make the flow chart for both alternatives.. b) Evaluate both financing options and make a recommendation to lohny Justify your answer numerically
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