jkatelyn14 jkatelyn14

14-10-2022
Mathematics

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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 $140,000 loan.
Option 1: a 30-year loan at an APR of 9%.
Option 2: a 15-year loan at an APR of 8.5%

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