Thursday

March 5, 2015

March 5, 2015

Posted by **marie** on Wednesday, August 17, 2011 at 3:35pm.

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?

I tried the loan calculator it didn't work

- math -
**Ms. Sue**, Wednesday, August 17, 2011 at 4:28pm

**Answer this Question**

**Related Questions**

math - Determine the regular payment amount, rounded to the nearest dollar. The ...

math - Determine the regular payment amount, rounded to the nearest dollar. The ...

Math - The price of a small cabin is $40,000. The bank requires a 5% down ...

algebra - The price of a small cabin is $85000 the bank requires a 5% down ...

math - The price of a home is $215,000. The Bank requires 20% down payment and ...

math - The price of a home is $120,000. The bank requires a 10% down payment and...

Math - The Robinsons decide they would rather purchase the $85,000 home. Their ...

math - Question: The price of a home is $180,000. The bank requires a 10% down ...

Economics - Calculate the total dollar amount paid for a house purchased for $...

consumer math grade 12 - jesse buys a 150 000 house and will make a 30 000 down ...