Maurice Tutor

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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: 398 Weeks Ago, 3 Days Ago
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Oct 2017 My Price 3.00

fixed-rate mortgage loans

A borrower is faced with choosing between two $75,000, 30-year fixed-rate mortgage loans. The first loan has an interest rate of 6% with six points. The second loan has a rate of 7% with two points. a) If the loan is repaid after 20 years, which is the better option? Show calculations to support your answer. b) If the loan is repaid after 5 years, which is the better option? show calculations to support your answer. How to calculate it in an excel spreadsheet please

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Oct 2017 10:10 AM My Price 3.00

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