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Stephen is comparing two mortgage options for his $80,000 mortgage. Mortgage A: 15 years at 4.5% with monthly payments of $611.99 and a total payback

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Stephen is comparing two mortgage options for his $80,000 mortgage. Mortgage A: 15 years at 4.5% with monthly payments of $611.99 and a total payback of $110,158.20. Mortgage B: 30 years at 4% with monthly payments of $381.93 and a total payback of $137,494.80. Which option requires more interest to be paid over the life of the mortgage? How much more? Provide your answer below: Mortgage requiress more interest than Mortgage

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