Answer:
Please find attached pdf
Step-by-step explanation:
Answer:
0.0538% (3 sf)
Step-by-step explanation:
annual = 1 yr = 12 months = 52 weeks
2.8% / 52 = 0.053846153
Step-by-step explanation:
If you borrow $120,000 at an APR of 7% for 25 years, you will pay $848.13 per month. If you
borrow the same amount at the same APR for 30 years, you will pay $798.36 per month.
a. What is the total interest paid on the 25-year mortgage? <em>$134,439.</em>
" a difference " means subtract
5y - 7......u have 2 terms (5y and 7)...and it is the difference of 2 terms.
so ur answer is : 5y - 7
