Multiple Choice
Greg and Kathy are considering purchasing a home requiring an $85,000 mortgage. The payment on a 30-year mortgage for this amount is $605. The payment for a 15-year mortgage is $752. What is the additional amount of interest paid on the 30-year mortgage?
A) $82,440
B) $52,920
C) $135,360
D) $26,460
Correct Answer:
Verified
Correct Answer:
Verified
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