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l lina is taking out a mortgage for $161.000 to buy a new house and is deciding between the offers from two lenders She wants

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lina is taking out a mortgage for $161.000 to buy a new house and is deciding between the offers from two lenders She wants to know which one would be the better deal over the life of the mortgage loan, and by how much Answer each part. Do not round intermediate computations, and round your answers to the nearest cent If necessary, refer to the list of financial formulas (a) An online lending company has offered her a 30-year mortgage loan it an annual Interest rate of 3.5%. Find the monthly payment D ? (b) A bank has offered her a 30-year mortgage loan at an annual interest rate of 2% Find the monthly payment. $0 (C) Suppose Jina pays the monthly payment each month for the full term. Wichlender's mortgage loan would have the lowest total amount to pay off, and by how much? Online lending company The total amount paid would be 5 [sess than to the bank. Bank The total amount paid would be less than to the online lending company Continue 2002

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