Mathematics, 15.06.2021 01:50 perezsamantha3oqr0za

You plan to purchase a house for $330,000 and you will make a 20% down payment. You are evaluating two mortgages a 30-year fixed mortgage at 2.97and a 15-year fixed mortgage at 2.35%. Your goal is to have a monthly payment that fits within your budget.
A. Which mortgage will give you the lowest monthly payment? What will that payment be? How much less will this be than the other monthly mortgage payment?
b. Assuming you take the full term of the mortgage, which mortgage will result in you paying the most interest? What will that interest be?

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:10, tagpro85

How do you answer this question? (step by step)

Answers: 3

continue

Mathematics, 21.06.2019 18:00, MayFlowers

Name each raycalculation tip: in ray "ab", a is the endpoint of the ray.

Answers: 1

continue

Mathematics, 21.06.2019 18:30, Angelanova69134

Someone answer this asap rn for ! a discount store’s prices are 25% lower than department store prices. the function c(x) = 0.75x can be used to determine the cost c, in dollars, of an item, where x is the department store price, in dollars. if the item has not sold in one month, the discount store takes an additional 20% off the discounted price and an additional $5 off the total purchase. the function d(y) = 0.80y - 5 can be used to find d, the cost, in dollars, of an item that has not been sold for a month, where y is the discount store price, in dollars. create a function d(c(x)) that represents the final price of an item when a costumer buys an item that has been in the discount store for a month. d(c(x)) =

Answers: 1

continue

Mathematics, 21.06.2019 20:00, krojas015

How do you write something in scientific notation?

Answers: 2

continue

You know the right answer?

You plan to purchase a house for $330,000 and you will make a 20% down payment. You are evaluating t...