subject
Mathematics, 20.04.2021 15:30 nayelimoormann

If you borrow $220,000 at an APR of 3.5for 25 years, you will pay $1,101.37per month. If you borrow the same amount at the same APR for 30 years, you will pay $987.90 per month. A. What is the total interest paid on the 25-year mortgage? b. What is the total interest paid on the 30-year mortgage? c. How much more interest is paid on the 30-year mortgage? Round to the nearest dollar. d. If you can afford the difference in monthly payments, you can take out the 25-year mortgage and save all the interest from part c. What is the difference between the monthly payments of the two different mortgages? Round to the nearest dollar.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 15:20
There are 4 cups in a quart and 4 quarts in a ganon.jug of water? . how many cups are in a 5-gallon jug of water?
Answers: 2
question
Mathematics, 21.06.2019 16:10
The box plot shows the number of raisins found in sample boxes from brand c and from brand d. each box weighs the same. what could you infer by comparing the range of the data for each brand? a) a box of raisins from either brand has about 28 raisins. b) the number of raisins in boxes from brand c varies more than boxes from brand d. c) the number of raisins in boxes from brand d varies more than boxes from brand c. d) the number of raisins in boxes from either brand varies about the same.
Answers: 2
question
Mathematics, 21.06.2019 22:30
How do you do the foil method with polynomials?
Answers: 1
question
Mathematics, 21.06.2019 23:00
How many 3/8s are in 6 plz someone tell me now
Answers: 1
You know the right answer?
If you borrow $220,000 at an APR of 3.5for 25 years, you will pay $1,101.37per month. If you borrow...
Questions
question
Spanish, 22.10.2020 05:01
question
Mathematics, 22.10.2020 05:01
question
Mathematics, 22.10.2020 05:01
question
Mathematics, 22.10.2020 05:01
question
Mathematics, 22.10.2020 05:01
Questions on the website: 13722363