Question: (1 point) Mr. Smith is purchasing a $ 1 10000 house. The down payment is 20 % of the price of the house. He is

(1 point) Mr. Smith is purchasing a $ 1 10000 house.

(1 point) Mr. Smith is purchasing a $ 1 10000 house. The down payment is 20 % of the price of the house. He is given the choice of two mortgages a) a 20-year mortgage at a rate of 9 %. Find (0 the monthly payment: $791.75 (i) the total amount of interest paid: $ b) a 15-year mortgage at a rate of 9 %. Find () The monthly payment: $892.55 (i) the total amount of interest paid: $

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