In the 1980s an average mortgage rate was around 18.75
Asked by maham237 @ in Mathematics viewed by 301 People
how much less per month would a $125,000 30 year mortgage be today if the current rate were 5%?
Asked by maham237 @ in Mathematics viewed by 301 People
how much less per month would a $125,000 30 year mortgage be today if the current rate were 5%?
Answered by maham237 @
Answer:
$1289.48
Step-by-step explanation:
A financial calculator tells you the payment with the higher interest rate is $1960.51, and that with the lower interest rate is $671.03. The difference in payment amounts is ...
$1960.51 -671.03 = $1289.48
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