Asked by Fay

A couple needs a mortgage of $300,000. Their mortgage broker presents them with two options: a 30-year mortgage at 8 1/2%
interest or a 15-year mortgage at 7 3/4%
interest. (Round your answers to the nearest cent.)
(a) Find the monthly payment on the 30-year mortgage and on the 15-year mortgage.
30-year $
15-year $

b) Find the total amount to be paid over the life of the 30-year mortgage and on the 15-year mortgage.
30-year $
15-year $

Answers

Answered by Reiny
5 consecutive problems from a variety of topics

Sure looks like a home-work dump or you expect us to do some kind of assignment for you.

Show some work and let me know where you got stuck on the others.
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions