Pay the mortgage rate and nothing extra per month

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Reference no: EM13950054

You are about to buy a home and you have the following two options. For some strange reason you are only allowed to pay the mortgage rate and nothing extra per month.

-House A: Price $150,000 @ 5.25 % over 30 years.

-House B: Price $150,000 @ 9.5 % over 20 years.

Reference no: EM13950054

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