Which of the following mortgages will pay the smallest total interest over the life of the mortgage

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Which of the following mortgages will pay the smallest total interest over the life of the mortgage (no calculation necessary)?

a. 30-year, 8 percent

b. 30-year, 10 percent

c. 15-year, 8 percent

d. 15-year, 10 percent.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Jan 02, 2024 05:43 AM

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Which of the following mortgages will pay the smallest total interest over the life of the mortgage

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The correct answer is c 15year 8 percent A 15year mortgag...View the full answer

Fundamentals Of Investments Valuation And Management

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