The probability<span> of an event is the measure of the chance that the event will occur as a result of an experiment.... :)</span>
Answer:
<em><u>The answer is</u></em>: <u>a. 30 year FHA, 3.5% down at a fixed rate of 6.5%.</u>
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Step-by-step explanation:
If Eli wants to pay as little as possible, and we start with a 30-year mortgage, among the percentages that must be paid, <u>the lowest is 3.5%</u>, in terms of the fixed rate, <u>the lowest is 5%</u>, but if we see the amount of <u>30 years, it is 10%</u>, so although the fixed rate of <u>6.5% is higher than that of 5%, the payment is only made once</u>, and the difference is not so much compared to 10% for 30 years.
<em><u>The answer is</u></em>: <u>a. 30 year FHA, 3.5% down at a fixed rate of 6.5%.</u>
