Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

1.) The price of a small cabin is ​$ style=”color:rgb(0,0,0);”>30,000. The bank requires a​ 5% down payment. The buyer is offered two mortgage​ options: 20-year fixed at 9​% or​ 30-year fixed at 9​%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the​ 20-year option? find the monthly payment for the 20 year option. 2.)Yolanda takes out a ​$5,000 amortized loan for 1.5 years at an annual interest rate of 18​%.   What are her monthly​ payments? round to nearest cent.

/in /by

1.) The price of a small cabin is ​$

style=”color:rgb(0,0,0);”>30,000. The bank requires a​ 5% down payment. The buyer is offered two mortgage​ options: 20-year fixed at 9​% or​ 30-year fixed at 9​%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the​ 20-year option? find the monthly payment for the 20 year option.

2.)Yolanda takes out a ​$5,000 amortized loan for 1.5 years at an annual interest rate of 18​%.   What are her monthly​ payments?

round to nearest cent.

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"