What is your annual payment to big attitude

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Reference no: EM131012320

You are borrowing money to buy your first house that costs $350,000. You go to the first bank you see, Big Attitude Bank, and they are charging 4.25% interest. After taking this class, you decide to shop around and find a bank called Super Cheap that is offering interest at 3.75%. If you make annual payments for 30 years, a) What is your annual payment to Big Attitude? b) What is your annual payment to Super Cheap Bank? c) How much do you pay total for the life of the loan at Big Attitude and d) how much at Super Cheap Banks? e)How much real money would you save by going to Super Cheap bank? f) If you invest the annual savings you get from opting for Super Cheap bank in a savings account which offers a return of 8%, What would be the future value of the amount after 30 years?

Reference no: EM131012320

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What is your annual payment to big attitude : You are borrowing money to buy your first house that costs $350,000. You go to the first bank you see, Big Attitude Bank, and they are charging 4.25% interest. What is your annual payment to Big Attitude? What is your annual payment to Super Cheap Ba..

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