Mathematics, 14.04.2020 19:55 babygirl091502

If you borrow $220,000 at an APR of 6.5% for 20 years, you will pay more per month than if
you borrow the money for 25 years at 6.5%.
a. What is the monthly payment on the 20-year mortgage, to the nearest cent?

Answers: 2

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More questions: Mathematics Another questions

If you borrow $220,000 at an APR of 6.5% for 20 years, you will pay more per month than if you borrow the money for 25 years at 6.5%. a. What is the monthly payment on the 20-year mortgage, to the nearest cent?

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Another question on Mathematics

If you borrow $220,000 at an APR of 6.5% for 20 years, you will pay more per month than if
you borrow the money for 25 years at 6.5%.
a. What is the monthly payment on the 20-year mortgage, to the nearest cent?