NEED URGENT HELP
ALGEBRA 2
Kareem and James both purchased a house in the last year. Ea...
Mathematics, 02.04.2021 18:40 laurenbreellamerritt
NEED URGENT HELP
ALGEBRA 2
Kareem and James both purchased a house in the last year. Each received a mortgage loan totaling $225,000 for a term of 30 yearsKareem has excellent credit and was given an interest rate of 2.9%. James^ prime ' credit is not so excellent so he was given an interest rate of 3.5%. What will be the total cost of the mortgage for each? How much more, in total, will James pay for his house over the 30 year term of the loan than Kareem (if there is no refinancing )?
Answers: 3
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