Question: Mortgage Loan = $ 1 9 0 , 0 0 0 Loan length = 3 0 years Interest rate = 5 % annually Assume you

Mortgage Loan = $190,000
Loan length =30 years
Interest rate =5% annually
Assume you select a 15-year mortgage with an interest rate of 7.5 percent. How much total interest will you pay to the lender? (mortgage loan is still $190,000)
Group of answer choices
$127,037.60
$104,880.28
$120,293.60
$98,760.300

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