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Comparing total mortgage payments

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Reference no: EM132544237

Question 1: Comparing Total Mortgage Payments: Which mortgage would result in higher total payments? Show your calculations for each.

Mortgage A: $985 a month for 25 years, or

Mortgage B: $780 a month for 5 years, and $1,056 for 25 years

Reference no: EM132544237

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