Amortization Use an amortization table $($such as www bloomberg.com$/$invest$/$calculators$/$index$.$html$)$

that

a spraine the monal ma prage payment has or

maturity and then for a $30-$year maturity. Is the monthly payment for the $15-$year maturity twice the amount for the $30-$year maturity or less than twice the amount? Explain.

In the above problem, try interest rates of $5\%,6\%,7\%,8\%,9\%$ and $10\%.$Monthly payments for $100,000$ principal

Conclusion: