What is the amount of total interest paid during the first 60 months of a $8,000,000 mortgage amortized over 240 months at 6% interest?
Add your answer
Integer, decimal, or E notation allowed
Question 2
5 Points
What is the amount of total interest paid during the first 60 months of a $8,000,000 mortgage amortized over 240 months at 5.75% interest?
Add your answer
Integer, decimal, or E notation allowed
Question 3
5 Points
What is the difference in total interest paid over the 60-month period between the note accruing at 6% vs the note accruing at 5.75%?
Add your answer
Integer, decimal, or E notation allowed