Mathematics, 02.02.2021 18:50 Maddoxaustin1

A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. Assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. If this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off? a. $37,395.18 b. $74,790.37 c. $623.25 d. $3,739.52

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:30, kktiger14

Find the actual dimensions of the box. the side length are in meters and integers. the surface area of the box is 104 m2 and volume of the box is 60 m3.

Answers: 1

continue

Mathematics, 22.06.2019 01:00, Jalyn6883

Which of the following is another way to express the difference between -5 and 8?

Answers: 1

continue

Mathematics, 22.06.2019 04:30, Baby010391

Dimitri used a coupon that saved him 80 percent, or $6.87. he paid $34.35 for the items. dimitri used a coupon that saved him 80 percent, or $27.48. he paid $34.35 for the items. dimitri used a coupon that saved him 80 percent, or $6.87. the price of the items before the discount was $34.35.dimitri used a coupon that saved him 80 percent, or $27.48. the price of the items before the discount was $34.35.

Answers: 1

continue

Mathematics, 22.06.2019 06:50, dani6651

Surface area of a right cone below with a radius of 3 and a height of 15

Answers: 2

continue

You know the right answer?

A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6...