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1 3 POINTS Wes and Trina need a mortgage for $205,000 for a term length of 30 years. They are doing some financial comparisons of
1 3 POINTS Wes and Trina need a mortgage for $205,000 for a term length of 30 years. They are doing some financial comparisons of two loan options. Loan A: 4% annual interest rate resulting in monthly payments of $978.70 Loan B: 5% annual interest rate resulting in monthly payments of $1100.48 What is the total payback for each loan? (Assume only the minimum payment is made each month.) How much more interest will Wes and Trina pay if they choose Loan B
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