YeaImSyko
Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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 $160,000 loan.
Option 1: a 30-year loan at an APR of 10%
Option 2: a 15-year loan at an APR of 9.5%

Find the monthly payment for each option.
The monthly payment for option 1 is $___
The monthly payment for option 2 is $___

Sagot :

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.