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12 Dec 2019
If you finance $100,000 of the purchase of your new home at 6% compounded monthly for 25 years, the monthly payment will be $644.30. If instead your had a rate of 6.40% compounded monthly for 15 years, the monthly payment will be $865.62. How much do you pay in total for the $100,000 mortgage if you finance it for 25 years?Total payment = ? How much do you save (in total payments) if you finance for 15 years instead?
If you finance $100,000 of the purchase of your new home at 6% compounded monthly for 25 years, the monthly payment will be $644.30. If instead your had a rate of 6.40% compounded monthly for 15 years, the monthly payment will be $865.62. How much do you pay in total for the $100,000 mortgage if you finance it for 25 years?Total payment = ? How much do you save (in total payments) if you finance for 15 years instead?
urooj123Lv2
18 Jun 2023
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Nelly StrackeLv2
13 Dec 2019
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