velvet91rose
Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

A family wants to purchase a house that costs ​$165,000. They plan to take out a ​$125,000 mortgage on the house and put ​$40,000 as a down payment. The bank informs them that with a​ 15-year mortgage their monthly payment would be ​$774.78 and with a​ 30-year mortgage their monthly payment would be ​$513.01. Determine the amount they would save on the cost of the house if they selected the​ 15-year mortgage rather than the​ 30-year mortgage.

Sagot :

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.