Question: PUT ANSWER IN TWO DECIMAL PLACES 20. You are going to get a loan on a house for $300,000. you are offered a 3% interest
20. You are going to get a loan on a house for $300,000. you are offered a 3% interest rate for a 30-year loan and a 2.6% interest rate for a 15-year loan. The Vanguard S&P 500 ETF has had an average annual return of 13,4% over the last ten years real valuel. You decide to take out the 30-year loan and invest the difference between the two loans. If you take the difference between the two loans and invest it into the Vanguard S&P 500 ETF (assuming the same return), how much money will you pocket in 15 years after you pay the loan of the 30-year mortgage? Please enter a positive value and two decimal places
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