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Question
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
Answer
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Related questions
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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