Multiple Choice
One lender offers two mortgages, a 19-year mortgage at 15%, and a 23-year mortgage at 6%.For each, find the total of the monthly payments to repay $114,200.Round to the nearest cent.
A) 19-year: -year:
B) 19-year: -year:
C) 19-year: -year:
D) 19-year: -year:
E) 19-year: -year:
Correct Answer:

Verified
Correct Answer:
Verified
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