Question
What is the change in your total monthly payment if you extend your mortgage from 20 years to 30 years on the terms given below.
What is the change in your total monthly payment if you extend your mortgage from 20 years to 30 years on the terms given below.
| Mortgage Amount | 200000 | 200000 | 200000 | ||
| APR | 3.75% | 4.50% | 6.50% | ||
| Years to pay | 15 | 20 | 30 |
please round up your payment in each case to next whole $
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
