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Suppose you have the following mortgage payment options: OPTION A: Pay $1000 monthly OPTION B: Pay $500 accelerated bi-weekly Which of the following is true

Suppose you have the following mortgage payment options:

  • OPTION A: Pay $1000 monthly
  • OPTION B: Pay $500 accelerated bi-weekly

Which of the following is true in terms of total interest paid over the course of the term?

You will pay more in interest with option B

You will pay more in interest with option A

There is no difference between the two options

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