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You have been shopping for a new home. You have a choice of financing. You can choose either a $310,000 mortgage at 5.12% for 30
You have been shopping for a new home. You have a choice of financing. You can choose either a $310,000 mortgage at 5.12% for 30 years, or a $310,000 mortgage at 4.37% for 15 years. What is the monthly payment made at the end of each month for the 15-year mortgage? O a. $3,429.77 O b. $1,686.96 O c. $1,043.29 O d. $2,350.93 You have been shopping for a new home. You have a choice of financing. You can choose either a $310,000 mortgage at 5.12% for 30 years, or a $310,000 mortgage at 4.37% for 15 years. What is the monthly payment made at the end of each month for the 30-year mortgage? O a. $1,686.96 O b. $1,043.29 O c. $3,429.77 O d. $2,350.93 You have been shopping for a new home. You have a choice of financing. You can choose either a $310,000 mortgage at 5.12% for 30 years, or a $310,000 mortgage at 4.37% for 15 years. What is the difference in amount of interest paid between the 30-year mortgage and the 15-year mortgage? O a. $184,135.91 O b. $216,476.63 O c. $147,346.72 O d. $118,225.80
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