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36 3.5 points Due to the Covid-19 crisis, the Federal Reserve Bank cuts the interest rate so banks are offering good rates on mortgages. You
36 3.5 points Due to the Covid-19 crisis, the Federal Reserve Bank cuts the interest rate so banks are offering good rates on mortgages. You are considering the purchase of a 2- bed room house that would require a mortgage of $320,000. How much more in total interest will you pay if you select a 30-year mortgage at 2.50% rather than a 15-year mortgage at 1.50%? (Round the monthly payment amount to 2 decimal places.) $78,487.92 $97,631.30 OOOO $102.486.68 $86.311.18
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