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The price of a home is $ 1 4 0 , 0 0 0 . The bank requires a 1 5 % down payment. The

The price of a home is $140,000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-year fixed at 8% compounded monthly, or 30-year fixed at 8% compounded monthly.
Part 2: Calculate the total amount of interest paid for the 15-year option.
Select the correct answer below:
Responses
$85,701.40
$98,281.60
$112,427.80
$84,369.40

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