Regular Payment Amount Assignment | Homework For You
May 30th, 2020
Use PMT to determine the regular payment amount, rounded to the nearest dollar. In terms of paying less in interest, which is more economical for a $250,000 mortgage: a 30-year fixed rate at 9.5% or a 20-year foced-rate at 9%? How much is saved in interest?
Determine which loan is more economical. Choose the correct answer below. 11 The 30-year 9.5% loan is more economical The 20-year 9% loan is more economical . 04
The buyer will save approximately in interest. (Do not found until the final answer. Then round to the nearest thousand dollars.) Get Finance homework help today