subject
Mathematics, 23.11.2020 01:00 chrisssrutter

A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. Assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off? a. $37,395.18 b. $74,790.37 c. $623.25 d. $3,739.52

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
Mustafa contributes 11% of his $67,200 annual salary to his 401k plan. what is his pretax income
Answers: 1
question
Mathematics, 21.06.2019 18:50
Standard deviation of 19,29,21,22,23
Answers: 1
question
Mathematics, 21.06.2019 19:30
Y=(x+3)(x-4)(x+1)^2 sulutions? multiplicity?
Answers: 1
question
Mathematics, 21.06.2019 19:30
Boris needs to buy plastic spoons. brand a has a box 42 spoons for $2.37. brand b has a box of 72 spoons for $3.57. find the unit price for each brand. then state which brand is the better buy based on the unit price. round your answer to the nearest cent.
Answers: 1
You know the right answer?
A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6...
Questions
question
Mathematics, 20.05.2020 03:58
question
Mathematics, 20.05.2020 03:58
question
Health, 20.05.2020 03:58
Questions on the website: 13722367