Business, 09.08.2021 20:30 emmahirstein

The Mendez family is considering a mortgage loan of $349,500 at an annual interest rate of 6.85%. (a) How much greater is their mortgage payment if the term is 20 years rather than 30 years? $ (b) How much less is the amount of interest paid over the life of the 20-year loan than over the life of the 30-year

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The Mendez family is considering a mortgage loan of $349,500 at an annual interest rate of 6.85%. (a...

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