Mathematics, 26.11.2019 21:31 dondre54

Hank has the choice of taking out a 30-year loan for $165,000 at 9.1%
interest, compounded monthly, or the same loan at 20 years for a higher
monthly payment. how much more is the monthly payment for the 20-year
loan than the monthly payment for the 30-year loan?
o
o
o
a. $155.66
b. $90.05
c. $99.19
o
d. $56.47

Answers: 2

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Hank has the choice of taking out a 30-year loan for $165,000 at 9.1%
interest, compounded mon...