WellsBargo offer a mortgage of $250,000 payable over 20 years with APR of 8%. What is...

WellsBargo offer a mortgage of $250,000 payable over 20 years with APR of 8%. What is the annual mortgage payment?
SunBust offers a mortgage of $X also payable over 20 years with APR of 7%. You now the yearly mortgage payment for this option is $1,532 less than the WellsBargo option. What is the original amount of the mortgage from SunBust?

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Rahul Sunny answered 1 year ago

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Question: What is a mortgage payable?

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