Sorry guys had to make some adjustments: Using the simple interest formula we get:...
The Cost is 2650, with 15% down payment this gives 2650 - 15% x 2650 = 2252.50 to...
C. The Svensons’ assets increased by $1,900.
Monthly payments on this mortgage would be $2605.87
That would be Loan A: 9.265% nominal rate, compounded weekly.