Question: All else held constant, mortgage payments are _ _ _ _ _ _ _ _ _ _ on a 1 5 - year fixed -

All else held constant, mortgage payments are__________ on a 15-year fixed-rate mortgage than on a 30-year fixed-rate mortgage, and__________ is paid on a 15-year mortgage than on a 30-year mortgage.
lower; less principal
higher; less interest
higher; more principal
lower; less interest
higher; more interest

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