Which one of the following financing terms will provide the lowest monthly payment for a fixed-rate, $175,000 mortgage?
A) 10-year, 5.5%
B) 10-year, 6.0%
C) 15-year, 5.5%
D) 15-year, 6.0%
E) 30-year, 5.5%
Correct Answer:
Verified
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