personal finance

May 6th, 2014
Business Finance
Price: $10 USD

Question description

Jake is looking at refinancing his mortgages and paying off his credit cards at the same time. Currently, his debt situation is as follows:

First mortgage: 6%, 30 years due 20xx (15 years left)


Second mortgage: 8%, interest only due in 15 years


Credit cards: 21%, minimum payments made


Total refinanced:


Jake is trying to decide between:


Tutor Answer

(Top Tutor) adeel ch
School: Carnegie Mellon University

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