Mathematics, 03.01.2020 04:31 larey

The price of a home is $220,000. the bank requires a 15% down payment. the buyer is offered two mortgage options: 15-year fixed at 6.5% or 30-year fixed at 6.5%. calculate the amount of interest paid for each option. how much does the buyer save in interest with the 15-year option? use the following formula to determine the regular payment amount.

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The price of a home is $220,000. the bank requires a 15% down payment. the buyer is offered two mort...