Mathematics, 22.05.2020 04:05 0spholbrooks
Cynthia has the choice of taking out a 25-year loan for $155,000 at 4.4% interest, compounded monthly, or the same loan at 20 years for a higher monthly payment. If she would pay a total of $100,831 in interest on the 25- year loan, how much in total would she pay in interest on the 20-year loan?
Answers: 2
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Cynthia has the choice of taking out a 25-year loan for $155,000 at 4.4% interest, compounded monthl...
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