Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

longer-term lending

Suppose you want to borrow money to buy a house. You are considering a 15-year or a 30-year loan. The lender offers different interest rates, reflecting the differences in risks of shorter-term and longer-term lending. For the 15-year loan, the annual rate is 6.25% (compounded monthly, with 180 equal monthly payments). For the 30-year loan, the annual rate is 6.75% (compounded monthly, with 360 monthly payments). If you borrow $150,000, what would your monthly payments be for each loan?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 06:09 PM My Price 4.00

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