Business, 18.02.2020 05:17 akornegay2

A 22-year old college graduate just got a job in Nashville. She is considering buying a house with a $240, 000 mortgage. The APR is 14% compounded monthly for her monthly mortgage payments on a 25-year fixed rate loan. If she can get her FICO score up to 750, the APR drops to 13.6%. How much in interest cost will she save over the life of the loan assuming she can increase her FICO score to 750?

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A 22-year old college graduate just got a job in Nashville. She is considering buying a house with a...

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