Which of the Following Options Regarding a $200000 Mortgage,compounded Semi-Annually

question 53

Multiple Choice

Which of the following options regarding a $200000 mortgage,compounded semi-annually requires the lowest total interest payment?

• A)A 4.0 percent interest rate,paid monthly and amortized over 15 years
• B)A 3.5 percent interest rate,paid monthly and amortized over 20 years
• C)A 3.5 percent interest rate,paid biweekly and amortized over 18 years
• D)A 3.25 percent interest rate,paid monthly and amortized over 22 years

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