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 $
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.
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.
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