Narrative 14-2
for Problems in This Section, Use Table 14-1 $7 \frac { 3 } { 4 } \%$

Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. The Andersons are purchasing a home with a mortgage of $120,000 at $7 \frac { 3 } { 4 } \%$ . They can finance for 25 years or 30 years.
A)How much more will their monthly payment be if they choose the 25-year mortgage?
B)How much less total interest will they pay if they choose the 25-year mortgage?