Which One of the Following Mortgage Terms Will Cause the Borrower

question 37

Multiple Choice

Which one of the following mortgage terms will cause the borrower to pay the most interest, assuming the mortgage is paid according to the amortization schedule?

• A)10-year, 6.5%
• B)10-year, 7.0%
• C)15-year, 7.0%
• D)30-year, 6.5%
• E)30-year, 7.0%