Which one of the following set of mortgage terms will cause the borrower to pay the most interest,assuming the mortgage is paid according to the amortization schedule?
A) 10-year, 6.5 percent
B) 10-year, 7.0 percent
C) 15-year, 7.0 percent
D) 30-year, 6.5 percent
E) 30-year, 7.0 percent
Correct Answer:
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