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30 November, 07:20

Adam is taking out a $197,000 mortgage. His bank offers him an APR of 4.45%. He wants to compare monthly payments on a 15 - and 30 - year mortgage. What is the difference in the two monthly payments.

a) 509.68

b) 365.75

c) 402.58

d) 231.87

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Answers (1)
  1. 30 November, 09:39
    0
    The answer would be A. 509.68
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