Holly Kresch is thinking of buying a home for $263,700. State Bank advertises an 80%, thirty-year simple interest amortized loan at 6 1 4 % interest, with an APR of 7.13%. Boonville Savings and Loan advertises an 80%, thirty-year simple interest amortized loan at 6 1 2 % interest with an APR of 7.27%. (Round your answers to the nearest cent.)

Answer rating: 100% (QA)

To accurately calculate the monthly mortgage payments for each loan you can use a financial ... View the full answer