Mathematics, 10.06.2020 02:57, kristadwsn

Hank has the choice of taking out a 30-year loan for $165,000 at 9.1% interest, compounded monthly, or the same loan at 20 years for a higher
monthly payment. How much more is the monthly payment for the 20-year
loan than the monthly payment for the 30-year loan?
A. $56.47
B. $155.66
C. $90.05
D. $99.19

Answers: 1

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Hank has the choice of taking out a 30-year loan for $165,000 at 9.1% interest, compounded monthly,...