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Mathematics, 30.04.2021 15:50 oliviakate9230

Trevor is comparing two mortgage options from two different banks for his 20 year $120,000 mortgage. He thinks both mortgages are pretty much the same and is having a hard time deciding which bank to partner with. Bank A: 5% with monthly payments of $791.95

Bank B: 4.75% with monthly payments of $775.47

How much is the total payback for each mortgage option?

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