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    Antonio

  • Course

    BUSN379

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  • Subject

    Business

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Question

1. Why Is this shorter than the time needed to pay off the traditional mortgage?

2. Which Mortgage is the best for the Company? Are there any Potential risks in this action?

Top Reviews
EYS***770 2019-09-23 06:11:01
Great answer. Really thanks for sharing.
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Solution Preview

It is shorter to pay off a smart loan because the bi-weekly payments pay off the loan quicker. Less time is required because the company is making 26 half payments per year which is equivalent to 13 monthly payments. The reason it is 1 extra payment is because the extra 

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