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Consider the following pair of mortgage loan options for a $115,000 mortgage. Which mortgage loan has the larger total cost? (closing costs? + the amount paid for points? + total cost of? interest)? By how? much? Mortgage? A:20?-year fixed at9.25?% with closing costs of ?$1100and 1 point. Mortgage? B:20year fixed at7.5?% with closing costs of […]
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