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Homework: 8.7 Score: 0 of 1 pt X8.7.7 Save 7 of 10 (10 complete) Hw Score: 63.15%, 6.32 of 10 pts Question Help | *

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Homework: 8.7 Score: 0 of 1 pt X8.7.7 Save 7 of 10 (10 complete) Hw Score: 63.15%, 6.32 of 10 pts Question Help | * Consider the following pair of mortgage loan options for a $185,000 mortgage. Which mortgage loan has the larger total cost (closing costs +the amount paid for points + total cost of Interest)? By how much? Mortgage A: 15-year fixed at 12.25% with closing ts of $2600 and 1 point. Mortgage B: 15-year fixed at 11.25% with dsing costs of $2600 and 3 points. Choose the correct answer below, and fill in the answer box to complete your choice. O A. Morgage B has a larger total cost than mortgage A by S O B. Mortgage A has a larger total cost than mortgage B by $ Round to the nearest dolilar as needed

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