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Question 9 1 pts A 10-year mortgage carries an interest rate of 2.00% and a 15-year mortgage carries an interest rate of 2.50%. Please use
Question 9 1 pts A 10-year mortgage carries an interest rate of 2.00% and a 15-year mortgage carries an interest rate of 2.50%. Please use the dropdown boxes to best describe the incremental borrowing of the 15-year mortgage vs the 10-year mortgage for a $100,000 loan. The incremental borrowing is best described as borrowing $ 253.35 every month from month 1 to month 120, which is repaid with payments of $ 666.79 from months 121 to 180
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