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2319 N Cleveland Ave This historic rowhome is ideally located on one of the prettiest...

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Calculus

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2319 N Cleveland Ave This historic rowhome is ideally located on one of the prettiest streets in Chicago s desirable East Lincoln Park neighborhood Nearby Clark Street is host to shops salons and spas cafes restaurants and bars The Big Apple grocer is just two blocks away and a Whole Foods Market is slated to open in early 2015 on nearby Fullerton Avenue Just three blocks east is Lincoln Park offering the Conservatory the Nature Museum the Zoo Diversey Harbor and the lakefronts North Avenue Beach and 18 mile trail 2319 N Clark is within the attendance areas of the highly rated Lincoln Elementary School and Lincoln Park High School a Construct an amortization table assuming a loan for 1 376 000 over 30 years at an annual interest rate of 3 85 2 points b What is the monthly payment c What is the total amount paid after 30 years d For comparison purposes look at a 15 year mortgage at 3 17 for 15 years Construct an amortization table assuming a loan for 1 376 000 over 15 years mortgage at an annual interest rate of 3 17 2 points e What is the monthly payment f What is the total amount paid at the end of your loan if you decide on the 15 year mortgage g Which loan is better 30 years at 3 85 or 15 years at 3 17 Explain

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