Question
Part 1 Please help. I am applying for a mortgage for $150,000 to buy a house. I have shopped around and have found two possible
Part 1
Please help. I am applying for a mortgage for $150,000 to buy a house. I have shopped around and have found two possible mortgage options:
A. 20 year mortgage loan with an APR of 6%
B. 30 year mortgage loan with an APR of 5%
- What would my monthly payments be with each loan?
- How much will I pay over the life of each loan? How much of that is interest?
- Which option should I choose and why?
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Elementary Linear Algebra with Applications
Authors: Howard Anton, Chris Rorres
9th edition
471669598, 978-0471669593
