Business, 27.10.2020 18:10 kris22elizondop9v1bb

You plan to purchase a $330,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 8.00 percent, or a 20-year mortgage with a rate of 7.00 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate the amount of interest and, separately, principal paid on each mortgage. What is the difference in interest paid

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You plan to purchase a $330,000 house using either a 30-year mortgage obtained from your local savin...