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24-05-2024
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Answered

Janine is ready for a $145,000 mortgage for her first home. She is considering two different mortgage options.

Mortgage A: 15 years at 4.5% with monthly payments of $1109.24

Mortgage B: 30 years at 5.3% with monthly payments of $805.19

How much more interest will she pay with mortgage B?

Answer :

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round 523.5987756 to a whole number