You Are Considering the Purchase of a Home That Would

Multiple Choice

You are considering the purchase of a home that would require a mortgage of $150,000.How much more in total interest will you pay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.9%? (Round the monthly payment amount to 2 decimal places.Both interest rates are compounded monthly.)

A) $86,311.18
B) $78,487.92
C) $99,595.80
D) $102,486.68