Michelle wants to buy a house for S265,000 by taking out a 30-year fixed-rate
mortgage with an interest rate of 6%. She plans on making a down payment
of either $20,000 or $40,000. By how much will she lower her mortgage
payment if she makes the larger down payment?
O
A. $119.91
O
O
O
O
B. $1468.90
c. $1348.99
D. $176.02
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