Mathematics, 18.03.2021 01:40 weberalycia
Tony is trying to decide between three different loans. The mortgage is $500,000 for 30 years. Using the simple interest formula A=P(1 +rt) which loan will save him the most interest?
3% Rate with 20% Down Payment
3.5% Rate with 15% Down Payment &
5% Interest Rate with 10% Down Payment. A) 20% down payment.
B) 15% down payment
C) The interest saved is the same.
D) 10% down payment β
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