In terms of paying less in interest, which is more economical for a $80,000 mortgage: a 30-year fixed-rate at 8.5% or a 15-year fixed-rate at 8%? How much is saved in interest? Use the following formula to determine the regular payment amount. D PMT= PA -nt7 ... Determine which loan is more economical. Choose the correct answer below. The 30-year 8.5% loan is more economical. The 15-year 8% loan is more economical.
In terms of paying less in interest, which is more economical for a $80,000 mortgage: a 30-year fixed-rate at 8.5% or a 15-year fixed-rate at 8%? How much is saved in interest? Use the following formula to determine the regular payment amount. D PMT= PA -nt7 ... Determine which loan is more economical. Choose the correct answer below. The 30-year 8.5% loan is more economical. The 15-year 8% loan is more economical.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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