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Q3:Which of the following options regarding a 300,000$ mortgage compounded semi-annually requires the highest total interest payment? A) 4.2% interest rate, paid bi-weekly, and amortized
Q3:Which of the following options regarding a 300,000$ mortgage compounded semi-annually requires the highest total interest payment?
A) 4.2% interest rate, paid bi-weekly, and amortized over 15 years
B) 4.0% interest rate, paid bi-weekly, and amortized over 15 years
C) 4.2% interest rate, paid monthly, and amortized over 15 years
D) 4.0% interest rate, paid bi-weekly, and amortized over 18 years
E) 4.2% interest rate, paid bi-monthly, and amortized over 15 years
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