This rested in a forte mortgage for $300,000. He is undecided whether to choose a 15- or year mortgage. The current mortgage rates for the 15-year mortgages for the 30-year round your answers to the rest dollar. Use the table, if necessary (4) What are not principal art retsematon) for each an! 1-armorage () wat te of interest in than ges 10 marge 1) Overall, how much more interest in ad by choosing the 30-year mortgage 4.73 Interest Rate (%) 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 8.25 8.50 8.75 9.00 9.25 9.50 9.75 10.00 10.25 10.50 10.75 11.00 11.25 11.50 11.75 12.00 12.25 12.50 12.75 13.00 5 Years 18.19 18.30 18.42 18.53 18.64 18.76 18.87 18.99 19.10 19.22 19.33 19.45 19.57 19.68 19.80 19.92 20.04 20.16 20.28 20.40 20.52 20.64 20.76 20.88 21.00 21.12 21.25 21.37 21.49 21.62 21.74 21.87 21.99 22.12 22.24 22.37 22.50 22.63 22.75 Monthly Payments (Necessary to amortize a loan of $1,000) 10 15 20 25 30 35 Years Years Years Years Years Years 9.89 7.15 5.80 5.01 4.49 4.13 10.01 7.27 5.93 5.14 4.63 4.28 10.12 7.40 6.06 5.28 4.77 4.43 10.24 7.52 6.19 5.42 4.92 4.58 10.36 7.65 6.33 5.56 5.07 10.48 7.78 6.46 5.70 5.22 4.89 10.61 7.91 6.60 5.85 5.37 5.05 10.73 8.04 6.74 5.99 5.52 5.21 10.85 8.17 6.88 6.14 5.68 5.37 10.98 8.30 7.02 6.29 5.84 5.54 11.10 8.44 7.16 6.44 6.00 5.70 11.23 8.57 7.31 6.60 6.16 5.87 11.35 8.71 7.46 6.75 6.32 6.04 11.48 8.85 7.6 6.91 6.49 6.21 11.61 8.99 7.75 7.07 6.65 6.39 11.74 9.13 7.90 7.23 6.82 6.56 11.87 9.27 8.06 7.39 6.99 6.74 12.00 9.41 8.21 7.55 7.16 6.92 12.13 9.56 8.36 7.72 7.34 7.10 12.27 9.70 8.52 7.88 7.51 7.28 12.40 9.85 8.68 8.05 7.69 7.47 12.53 9.99 8.84 8.22 7.87 7.65 12.67 10.14 9.00 8.39 8.05 7.84 12.80 10.29 9.16 8.56 8.23 8.03 12.94 10.44 9. 8.74 8.41 8.22 13.08 10.59 9.49 8.91 8.59 8.41 13.22 10.75 9.65 9.09 8.78 13.35 10.90 8.60 9.82 9.26 8.96 8.79 13.49 11.05 9.98 9.15 13.63 8.98 11.21 10.15 9.62 13.78 9.18 11.37 10.32 9.80 11.52 9.52 13.92 9.37 10.49 9.98 14.06 9.71 9.56 11.68 10.66 10.16 9.90 14.20 11.84 9.76 10.84 10.35 10.09 9.96 14.35 12.00 11.01 10.53 10.29 14.49 10.16 12.16 11.19 10.72 10.48 14.64 12.33 10.35 11.36 10.9 10.67 14.78 12.49 10.55 11.54 11.09 14.93 10.87 12.65 10.75 11.72 11.28 11.06 10.95 40 Years 3.87 4.03 4.18 4.34 4.50 4.66 4.82 4.99 5.16 5.33 5.50 5.68 5.85 6.03 6.21 6.40 6.58 6.77 6.95 7.14 7.33 7.52 7.71 7.91 8.10 8.30 8.49 8.69 8.89 9.08 9.28 9.48 9.68 9.88 10.08 10.29 10.49 10.69 10.90 9.33 MacBook Air
