B. 10–15 years
C. 15–25 years
D. 20–30 years
The homemortgage is usually borrowed for 20-30 years.
We can calculate Mortgage payments as;
Mortgage payment = Principal amount + Interest paid
This means the mortgage on a short-term loan will be higher because the principal much higher and the interest paid is less in amount and vice versa
Therefore, the traditional home mortgage is borrowed for 30 years.
In some cases, it can be shorter or longer but the typical mortgage is ;between 20-30 years.
Learn more about mortgages here;
#SPJ6
What is the total cost of the circular piece of metal?
A.
$11.38
B.
$38.47
C.
$71.44
D.
$125.01
A: 1 Bottle
B: 2 Bottles
C: 3 Bottles
D: 4 Bottles