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Which mortgage would result in higher total payments? mortgage a: $970 a month for 30 years mortgage b: $760 a month for 5 years and $1005 for 25 years

Which mortgage would result in higher total payments? mortgage a: $970 a month for 30 years mortgage b: $760 a month for 5 years and $1005 for 25 years
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2 votes
Which mortgage would result in higher total payments? mortgage a: $970 a month for 30 years mortgage b: $760 a month for 5 years and $1005 for 25 years

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User Edmund Johnson
by
8.2k points

1 Answer

5 votes
C: 1005 for 25 years. total is $9045000
answered
User Awa Melvine
by
8.2k points
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