Business

25 July, 08:26

Michelle wants to buy a house for S265,000 by taking out a 30-year fixed-rate

mortgage with an interest rate of 6%. She plans on making a down payment

of either $20,000 or $40,000. By how much will she lower her mortgage

payment if she makes the larger down payment?

O

A. $119.91

O

O

O

O

B. $1468.90

c. $1348.99

D. $176.02

+4

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