Mathematics, 14.10.2021 02:00, milkshakegrande101

The price of a small cabin is $80,000. The bank requires a 5% down payment. The buyer is offered two mortgage options20-year fixed at 9% or 30-year fixed at 9% Calculate the amount of interest paid for each option
How much does the buyer save in interest with the 20-year option?
Find the monthly payment for the 20-year option
(Round to the nearest dollar as needed)

Answers: 2

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The price of a small cabin is $80,000. The bank requires a 5% down payment. The buyer is offered t...