Question: Mr. Smith is purchasing a $ 140000 house. The down payment is 20 % of the price of the house. He is given the

Mr. Smith is purchasing a $ 140000 house. The down payment is

Mr. Smith is purchasing a $ 140000 house. The down payment is 20 % of the price of the house. He is given the cholce of two mortgages: a) a 30-year mortgage at a rate of 10 %. Find () the monthly payment: $ () the total amount of interest paid: $ b) a 15-year mortgage at a rate of 10 %. Find O The monthly payment: $ (1) the total amount of Interest pald: $

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