Mathematics, 22.11.2020 14:00, lillianesagoff7411
Alex is comparing two mortgage opportunities for his potential $120,000 mortgage. Mortgage A: 15 years at 5% with monthly payments of $948.95 and a total payback amount of $170,811 Mortgage B: 20 years at 5.5% with monthly payments of $825.46 and a total payback amount of $198,110.40 Now let's find the interest paid on each loan and compare.
Total interest on mortgage A = $___
Total interest on mortgage B = $___
Mortgage ___ requires $ ___ more interest to be paid.
Answers: 3
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Alex is comparing two mortgage opportunities for his potential $120,000 mortgage. Mortgage A: 15 yea...
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