due to the covid-19 crisis the Federal Reserve Bank cut the interest rates so banks are offering good rate on Mortgage. you are considering the purchase of a 3 bedroom house that would require a market of four $420,000. how much more and total interest rate will you have to pay if you select a 25 year market at 2% rather than a 20% market at 1%?

a) $60,483.01

b) $50,483.01

c) $80,483.01

d) $70,483.01