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rolpace88 rolpace88
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8 years ago
Jackie Rambler purchased a home for $106,000. Oakwood Mortgage Company approved her loan application for a 22-year fixed-rate loan at 6.25%. Jackie agreed to pay 20% of the purchase price as a down payment. How much interest would she have saved if she made the same loan with the same down payment for 12 years?
A) $32,135.81
B) $37,264.51
C) $44,367.36
D) $35,493.89
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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8 years ago
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rolpace88 Author
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#2
8 years ago
That is correct Slight Smile

Thx
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#3
8 years ago
You're welcome. All I ask in return is a thumbs up!
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#4
4 years ago
thanks
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#5
3 years ago
thank you
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#6
2 years ago
Wow, Brilliant
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