You want to buy a condo and you want to comparison shop. You have 3 different...

You want to buy a condo and you want to comparison shop. You have 3 different options where the rates and years go together and 3 different condos. You will put down 15% as a down payment for each and borrow the rest from a bank. Please tell me the monthly payment and the total cost for each option.

	Option 1	Option 2	Option 3
Years	15	20	30
Rates	.035	.045	.055

Condos costs:

A	B	C
450,000	350,000	395,000

Expert Solution

jeff jeffy answered 1 year ago

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