Question: All else being equal, monthly payments made on a 1 5 - year fixed - rate mortgage ( FRM ) are _ _ _ _

All else being equal, monthly payments made on a 15-year fixed-rate mortgage (FRM) are ________ than on a 30-year FRM.All else being equal, Over the life of the loan, a 15-year FRM pays ________than a 30-year FRM.
Group of answer choices
higher; more interest
higher; less interest
lower; less principal
lower; less interest
higher; more principal

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