Which One of the Following Set of Mortgage Terms Will

question 66

Multiple Choice

Which one of the following set of 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 percent
• B) 10-year, 7.0 percent
• C) 15-year, 7.0 percent
• D) 30-year, 6.5 percent
• E) 30-year, 7.0 percent

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