in terms of paying less in interest which is more economicak for a 50000 mortgage...

80.2K

Verified Solution

Question

Accounting

in terms of paying less in interest which is more economicak for a 50000 mortgage a 30year fixed rate loan at 9% or a 15 year fixed rate loan at 8.5% how much is saved in interest?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students