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Mathematics, 02.07.2019 03:00 joneil1952
For a loan of $100,000 at a rate of 6% for fifteen years, the payment is about $843 a month. for the same loan amount, at an interest rate of 7.5%, you must increase the life of the loan to keep the same payment. the term must extend over 18 years instead of 15 years. with these thoughts in mind, how would paying off a loan early affect the amount of interest paid for the loan?
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For a loan of $100,000 at a rate of 6% for fifteen years, the payment is about $843 a month. for the...
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