You want to borrow $180,000 at 6.25 percent interest.If you assume a 10-year loan,the monthly payment will be _____ as compared to _____ if you assume a 20-year loan.
A) $1,237.50; $1,103.88
B) $2,207.75; $1,237.50
C) $2,021.04; $1,315.67
D) $2,498.18; $1,103.88
E) $2,498.16; $1,533.50
Correct Answer:
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