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5 votes
Gretta needs a $300,000 mortgage and is offered two choices. The monthly payments for the fixed rate and predicted payments for the ARM are shown.

Adjustable Rate Mortgage
Year Monthly
Payment
1-15 $1,610.46


Adjustable Rate Mortgage
Year Monthly
Payment
1-5 $1,520.06
6-15 $1,728.54


What is the difference between the total costs of the mortgages rounded to the nearest hundred?

$8,700

$1,700

$15,800

$5,000

1 Answer

6 votes
5k is da snswer man
molar mass is gresaater
User DarkNik
by
8.6k points
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