Mathematics, 30.03.2021 17:40 NatalieZepeda

A $100,000 LOAN AT 6% COULD BE AMORTIZED WITH MONTHLY PAYMENTS OF $644 ON A 15-YEAR BASIS OR PAYMENTS OF $600 ON A 30-YEAR BASIS. THE 30 YEAR LOAN RESULTS IN TOTAL PAYMENTS OF WHAT PERCENTAGE OF THE 15 YEAR TOTAL PAYMENTS? ROUND YOUR ANSWER TO THE NEAREST WHOLE PERCENTAGE.

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Would greatly appreciate these 3 answers

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A $100,000 LOAN AT 6% COULD BE AMORTIZED WITH MONTHLY PAYMENTS OF $644 ON A 15-YEAR BASIS OR PAYMENT...

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