Mathematics, 24.06.2019 06:30 sierram298
Ian has the choice of taking out a 25-year loan for $205,000 at 3.2% interest, compounded monthly, or the same loan at 20 years for a higher monthly payment. if he would pay a total of $93,077 in interest on the 25-year loan, how much in total would he pay in interest on the 20-year loan? a. $93,077 b. less than $93,077 c. more than $93,077 but less than $205,000 d. $205,000
Answers: 2
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Ian has the choice of taking out a 25-year loan for $205,000 at 3.2% interest, compounded monthly, o...
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