Why aren't the payments for a 15-year mortgage twice the payments for a 30-year mortgage at the

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Why aren't the payments for a 15-year mortgage twice the payments for a 30-year mortgage at the same rate?

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Fundamentals Of Corporate Finance

ISBN: 9780133507676

3rd Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 25, 2016 11:04 AM

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Why aren't the payments for a 15-year mortgage twice the payments for a 30-year mortgage at the

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The total sum of payments on a mortgage must repay the principal and all o...View the full answer

Fundamentals Of Corporate Finance

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