Mathematics, 14.05.2021 01:30 tjgamer12
Sara has just purchased a house. She has a $360,000, 30-year mortgage with interest at an annual rate of 5.5% a year, compounded continuously.
(a) Assume that Sara pays her mortgage continuously with a fixed amount, then her monthly payment is $___.
(b) If she pays an extra $300 each month, then she can pay off the mortgage in about years and months.
(c) Sara can save about $by paying an extra $300 each month.
Answers: 1
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Sara has just purchased a house. She has a $360,000, 30-year mortgage with interest at an annual rat...
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