Question: Increasing the down payment on a mortgage reduces both the sle of the monthly payments and the total inlerest paid. Calculate the teduction in the

Increasing the down payment on a mortgage reduces both the sle

Increasing the down payment on a mortgage reduces both the sle of the monthly payments and the total inlerest paid. Calculate the teduction in the monthly payment by increasing the down payment by the amount specified, and the amount saved on inserest aver the Hee of the toan. Assume the mortgsoe is for 20 years and use the table to find the montil paymenti. I7I Cick the icon to view the table for the monthly payment A. $720,518,52800 B. 557.28,513,747.20 C. $56.72,$14,092.60 D. 565.86,$16.051.20

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