Question: (a) What is the difference in monthly payments between a $100,000,30-year mortgage secured at 7%/ year and one secured at 3%/ year? $ (b) Use

(a) What is the difference in monthly payments between a $100,000,30-year

(a) What is the difference in monthly payments between a $100,000,30-year mortgage secured at 7%/ year and one secured at 3%/ year? $ (b) Use the table to calculate the monthly mortgage payments on a $130,000 mortgage at 4%/ year over 30 years. $ Use the table to calculate the monthly mortgage payments on a $90,000 mortgage at 4% /year over 30 years. $[]

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