Which one of the following financing terms will provide the lowest monthly payment for a fixed-rate $175,000 mortgage? (No calculations are required.)
A) 10-year, 5.5 percent
B) 10-year, 6.0 percent
C) 15-year, 5.5 percent
D) 15-year, 6.0 percent
E) 30-year, 5.5 percent
Correct Answer:
Verified
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