Mathematics, 12.08.2020 07:01 lexybellx3
Charlie needs a $275,000 mortgage and he'd like to pay it off in 30 years. He is considering two banks. Bank A: 3.5% with monthly payments of $1234.87 Bank B: 4% with monthly payments of $1312.89 Charlie doesn't think a 0.5% difference is that much. What is the difference between these two bank loans with total interest paid over the life of the loan?
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Charlie needs a $275,000 mortgage and he'd like to pay it off in 30 years. He is considering two ban...
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