Question: i need help with this question. (4 points) Mr. Smith is purchasing a $110000 house. The down payment is 20 % of the price of
(4 points) Mr. Smith is purchasing a $110000 house. The down payment is 20 % of the price of the house. He is given the choice of two mortgages: a) a 20-year mortgage at a rate of 10 %. Find the monthly payment: $ 00) the total amount of interest paid: $ b) a 15-year mortgage at a rate of 10 %. Find The monthly payment: $ 09 the total amount of Interest paid: $
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