Multiple Choice
In order to purchase a home, a family borrows $140,000 to be amortized at 9% interest. How much more interest will be paid in total if the term of the loan is 25 years than if it is 10 years?
A) $114,446.98
B) $139,646.98
C) $127,046.98
D) $147,066.98
Correct Answer:
Verified
Correct Answer:
Verified
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