What would the monthly payments for a 15 year mortgage
Problem:
If you purchase a home for $165k at 5% interest, what would the monthly payments be for a 15 year mortgage and for a 30 year mortgage?Which mortgage would you choose and why?
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How much would you have to invest today to receive: a. $12,000 in 6 years at 12 percent?
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If you purchase a home for $165k at 5% interest, what would the monthly payments be for a 15 year mortgage and for a 30 year mortgage?
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Discuss what kinds of fallacies did you or they use as part of the argument? Did you feel good critical thinking was used in any of your examples?
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