Mathematics, 26.03.2020 17:27 alexisbreton

You need a loan of $150,000. Compare your monthly payments and total loan cost under two options. Assume that the closing costs are the same in both cases.
Option 1: a 30 year loan at an APR of 8%
Option 2: a 15 year loan at an APR of 7%

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You need a loan of $150,000. Compare your monthly payments and total loan cost under two options. As...