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Now manipulate the term of the loan. Explore the differences that changing the term (# of years) make on the total interest paid. Use the
Now manipulate the term of the loan. Explore the differences that changing the term (# of years) make on the total interest paid. Use the mortgage calculator to fill in the table below. Principal Interest Rate Term (years) Monthly Payment Total Interest Paid Base $150,000 5.5% 30 $852 $156,720 Adjust $150,000 5.5% 15 ______ ___________ The Term $150,000 5.5% 20 ______ ___________ Of the $150,000 5.5% 25 ______ ___________ Loan $150,000 5.5% 40 ______ ___________ Do you notice the dramatic
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