Mathematics
Mathematics, 02.02.2020 18:50, explained1256

Lars is planning to purchase a home. he has been approved for a $420,000, 20-year mortgage with an apr of 5.125%.
what is his monthly payment?
what is the total interest paid after 20 years?
suppose lars gets the loan from another bank with the same apr but a 30 year mortgage. what would be his monthly payment?
what would be the total interest paid after 30 years?
what is the difference between the two monthly payments?
what is the difference between the interest paid?

answer
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Lars is planning to purchase a home. he has been approved for a $420,000, 20-year mortgage with an a...

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