Mathematics, 26.02.2021 01:00 tahjaybenloss16
3. GHT Bank offers a 20 year 9.81% interest rate and MPM offers a 30 year 11% rate. Jorgy borrows $280,000
a. What is the monthly payment of GHT bank?
b. How much interest is paid for the GHT mortgage for the term of the loan?
c. What is the monthly payment of MPM bank?
d. How much interest is paid for the MPM mortgage for the term of the loan?
e. How much more interest will you pay MPM bank?
Answers: 2
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3. GHT Bank offers a 20 year 9.81% interest rate and MPM offers a 30 year 11% rate. Jorgy borrows $2...
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