jackie42 jackie42
  • 28-06-2016
  • Mathematics
contestada

determine the difference between the monthly payments on a $120,000 home at 6 1\2% and at 8% for 25 years.

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Hussain514 Hussain514
  • 28-06-2016
interest = 120000 x 6.5 % x 25 = $ 195,000
interest = 120000 x 8 % x 25 = $ 240,000

Difference = $45000
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