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L K Question 9, 8.7.7 HW Score: 57.33%, 8.6 of 15 points Points: 0 of 1 search Save Use - A P 1 +
L K Question 9, 8.7.7 HW Score: 57.33%, 8.6 of 15 points Points: 0 of 1 search Save Use - A P 1 + - nt to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $130,000 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: 30-year fixed at 6.25% with closing costs of $2800 and 1 point. Mortgage B: 30-year fixed at 4.5% with closing costs of $2800 and 5 points. Mortgage B has a larger total cost than mortgage A OA. by $ O B. Mortgage A has a larger total cost than mortgage B by $ Clear all
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