Question: 2. Based on Exhibit 9-9, what would be the monthly mortgage payments for each of the following situations? a. $40,000, 15-year loan at 4.0% b.

2. Based on Exhibit 9-9, what would be the monthly mortgage payments for each of the following situations? a. $40,000, 15-year loan at 4.0% b. $76,000, 30-year loan at 4.75% 202001 c. $65,000, 20-year loan at 4% 3. Which mortgage would result in higher total payments? Mortgage A: $970 per month for 30 years Mortgage B: $750 per month for 5 years and $1000for 25 years

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