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A longer amortization period will result in __________ and a __________ over the life of the mortgage. lower monthly mortgage payments; lower amount of mortgage

A longer amortization period will result in __________ and a __________ over the life of the mortgage.

  1. lower monthly mortgage payments; lower amount of mortgage interest payable
  2. higher monthly mortgage payments; higher amount of mortgage interest payable
  3. higher monthly mortgage payments; lower amount of mortgage interest payable
  4. lower monthly mortgage payments; higher amount of mortgage interest payable

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