Question: All else being equal, monthly payments are ________ on a 15-year fixed-rate mortgage (FRM) than on a 30-year FRM, and ________ is paid on a

All else being equal, monthly payments are ________ on a 15-year fixed-rate mortgage (FRM) than on a 30-year FRM, and ________ is paid on a 15-year FRM than on a 30-year FRM.

A. lower; less interest B. lower; less principal C. higher; less interest D. higher; more principal E. higher; more interest

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