jamilakhaleesi jamilakhaleesi

26-03-2020
Mathematics

contestada

You need a loan of $150,000. Compare your monthly payments and total loan cost under two options. Assume that the closing costs are the same in both cases.
Option 1: a 30 year loan at an APR of 8%
Option 2: a 15 year loan at an APR of 7%

Respuesta :

marryperry marryperry

29-03-2020

Answer:

$1100.65 at 8%

$1348.24 at 7%

Step-by-step explanation:

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