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Andreas93 [3]
3 years ago
10

You need a loan of $150,000. Compare your monthly payments and total loan cost under two options. Assume that the closing costs

are the same in both cases.
Option 1: a 30 year loan at an APR of 8%
Option 2: a 15 year loan at an APR of 7%
Mathematics
1 answer:
mixas84 [53]3 years ago
3 0

Answer:

$1100.65 at 8%

$1348.24 at 7%

Step-by-step explanation:

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