Question: Determine the regular payment method PH 1-6-97 Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage

Determine the regular payment method

PH 1-6-97 Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following

PH 1-6-97 Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $140,000 mortgage. Which mortgage loan has the larger total cost (closing costs + the amount paid for points + total cost of interest)? By how much? Mortgage A: 20-year fixed at 7.25% with closing costs of $2400 and 1 point. Mortgage B: 20-year fixed at 5.25% with closing costs of $2400 and 3 points. BILE

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