Principal amount= $100,000

Difference of interest 10-9% of $100,000 = $1,000

Discount rate=9% n=30 years

PV = $1,000*PVAF (9%,30)

PV= 1000*10.27365

PV=$10,273.65

QUESTION 43 What is the present value of the savings between a thirty year mortere that has an interest rate of N and one that has an interest rate of 10%? (Assume that payments are made at the end of the year and anume a discount rate of 9). You must find the present value of the difference between the payments you would make on the 10 mortgage and the 9% mortem 3-517.00431 116.76532 51.28.50 -15245740