Wednesday
September 2, 2015

Homework Help: math

Posted by marie on Monday, August 15, 2011 at 8:07pm.

Determine the regular payment amount, rounded to the nearest dollar.

The price of a home is $160,000. the bank requires a 15% down payment. The buyer is offered two mortgage options: 1 year fixed at 8% or 30-year fixed at 8%. Calculate the amount of interest paid for each option. how much does the buyer save in interest with the 15-year option?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members