Which mortgage would result in higher total payments? a. Mortgage A: $970 a month for $30 years

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Which mortgage would result in higher total payments?

a. Mortgage A: $970 a month for $30 years

b. Mortgage B: $760 a month for 5 years and $1005 for 25 years.

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: Aug 26, 2013 07:05 AM

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Which mortgage would result in higher total payments? a. Mortgage A: $970 a month for $30 years

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Computation of the Following a Where as Monthly payment 97000 No of year...View the full answer

Focus On Personal Finance

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