Rich and Melinda are comparing mortgages. Their mortgage is for $249,000. If they choose 15 years at 4%, their monthly payment w
ill be $1841.82. If they choose 20 years at 5%, their monthly payment will be $1643.29.
How much will be the total payback amount for each loan?
1 answer:
Answer:
Term payback = 15 yr = $331527.6 20 yr = $394389.65 rounded up by 0.002. Shows 15 yr is $62862.05 less as result of return 5 yrs earlier.
Step-by-step explanation:
20 yr = $1643.29 at 105% = 82.1645 paid x 12 x 20 = 19719.48 interest + 1561.1257 to loan x 12 x 20 = 374670.168 total with Int at 5%= 394389.648
15 yr=$1841.82.= $1841.82 - 73.6728= 1768.1472 to loan p/m = 20 yr 318266.496 + interest of 73.6728 = 13261.104 total with interest at 4%=331527.6
You might be interested in
Answer:
$461.85
Step-by-step explanation:
Multiply 54x2, 36x4.60, 1.55x75
This comes out to 180, 165.6, and 116.25
Add them all together, and you get 461.85
That's the total amount that he makes weekly
5:9 is just 5/9
Hope this helps!
7/8 = 0.875
14/16 = 0.875
Therefore, 7/8 = 14/16
Answer:
90 degrees
I hope this helps!
Answer:
yes
Step-by-step explanation:
can i have brainliest