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Which one of the following financing terms will provide the lowest monthly payment for a fixed-rate $175,000 mortgage? (No calculations are required.) a) 10yr, 5.5%

Which one of the following financing terms will provide the lowest monthly payment for a fixed-rate $175,000 mortgage? (No calculations are required.)

a) 10yr, 5.5%

b) 15yr, 5.5%

c) 15yr, 6%

d)30yr, 5.5%

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