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29-09-2022
Mathematics

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A family wants to purchase a house that costs $110,000. They plan to take out a $100,000 mortgage on the house and put $10,000 as a down payment. The bank informs them that with a 15-year mortgage their monthly payment would be $761.52 and with a 30-year mortgage their monthly payment would be $574.01. Determine the amount they would save on the cost of the house if they selected the 15-year mortgage rather than the 30-year mortgage.

A family wants to purchase a house that costs 110000 They plan to take out a 100000 mortgage on the house and put 10000 as a down payment The bank informs them class=

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