3 years ago

1) If you borrow $120,000 at an APR of 7% for 25 years, you will pay $848.13 per month. If you

Mathematics

1 answer:

Arlecino [84]3 years ago

5 0

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>

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