Multiple Choice
One lender offers two mortgages, a 15-year mortgage at 16%, and a 19-year mortgage at 6%.For each, find the total of the monthly payments to repay $135,800.Round to the nearest cent.
A) 15-year: -year:
B) 15-year: , 19-year:
C) 15-year: , 19-year: \$228,032.65
D) 15-year: , 19-year:
E) -year: -year: \$227,908.96
Correct Answer:

Verified
Correct Answer:
Verified
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