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Due to the Covid - 1 9 crisis, the Federal Reserve Bank cuts the interest rate so banks are offering good rates on mortgages. You

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 3-bed room house that would require a mortgage of $420,000. How much more in total interest will you pay if you select a 25-year mortgage at 2.0% rather than a 20-year mortgage at 1.0%?(Round the monthly payment amount to 2 decimal places.)
$50,483.01
$70,483.01
$60,483.01
$80,483.01

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