Larry and his wife Cuke have a mortgage of $200,000 at a rate of 3.25 % (annual) for 30 years. How much is their current monthly mortgage payment? Group of answer choices $541.67 $1,405.34 $870.41 $328.75 Barbara and her husband Man.Atee have a mortgage of $300,000 for 30 years at a rate of 3.25% ( annual). If they make a $100 extra principle payment each month, how much will they save in total interest over the life of the loan? Group of answer choices $ 170,022.82 $21,605.63 $42, 605.63 $148,417.19
Larry and his wife Cuke have a mortgage of $200,000 at a rate of 3.25 % (annual) for 30 years. How much is their current monthly mortgage payment? Group of answer choices $541.67 $1,405.34 $870.41 $328.75 Barbara and her husband Man.Atee have a mortgage of $300,000 for 30 years at a rate of 3.25% ( annual). If they make a $100 extra principle payment each month, how much will they save in total interest over the life of the loan? Group of answer choices $ 170,022.82 $21,605.63 $42, 605.63 $148,417.19
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Larry and his wife Cuke have a mortgage of $200,000 at a rate of 3.25 % (annual) for 30 years. How much is their current monthly mortgage payment? Group
of answer choices $541.67 $1,405.34 $870.41 $328.75 Barbara and her husband Man.Atee have a mortgage of $300,000 for 30 years at a rate of 3.25 % (
annual). If they make a $100 extra principle payment each month, how much will they save in total interest over the life of the loan? Group of answer choices $
170,022.82 $21, 605.63 $42, 605.63 $148,417.19
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