Question: Set9 Math Finance MultPayments: Problem 1 Previous Problem List Next (1 point) Mr. Smith is purchasing a $100000 house. The down payment is 20% of

Set9 Math Finance MultPayments: Problem 1 Previous Problem List Next (1 point) Mr. Smith is purchasing a $100000 house. The down payment is 20% of the price of the house. He is given the choice of two mortgages: a) a 30-year mortgage at a rate of 8 %. Find (i) the monthly payment: $ (II) the total amount of interest paid: $ b) a 15-year mortgage at a rate of 8 %. Find (1) The monthly payment: $ (11) the total amount of interest paid s Note: You can earn partial credit on this problem Preview My Answers Submit Answers

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