jw72075 jw72075

12-12-2022
Mathematics

contestada

Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans
are fixed rate and have the same closing costs.
You need a $190,000 loan.
Option 1: a 30-year loan at an APR of 7%.
Option 2: a 15-year loan at an APR of 6.5%.

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