Monday

November 24, 2014

November 24, 2014

Posted by **Amber** on Thursday, November 8, 2012 at 8:00pm.

He is given the choice of two mortgages:

(A) a 25-year mortgage at a rate of 8%.

Find:

(i) The monthly payment: $

(ii) The total amount of interest paid: $

(B) a 15-year mortgage at a rate of 8%.

Find:

(i) The monthly payment: $

(ii) The total amount of interest paid: $

**Answer this Question**

**Related Questions**

math - Mr. Smith is purchasing a $190000 house. The down payment is 20% of the ...

Math - A house cost $85,000. The price of the house will raise 5% each year. If...

accounting - House mortgage You have just purchased a house and have obtained a...

math - Ever wonder how much a house “actually” costs? Consider Alex and Sabrina ...

math - Mr.Smith's tax on his house for 1965 was $283.79.If the tax rate for that...

Real Estate Finance - The mortgage company requires a down payment of $11,500 on...

Math 12 - Danielle is buying a house that costs $275000. She will finance the ...

accounting - You have just purchased a house and have obtained a 30-year, $200,...

Math - A man bought a house for 76,000. he made a down payment of 26,000 and ...

math - Scott and Jen are looking at a house listed for 189000 dollars. They will...