Finance
A Wisconsin homebuyer who chooses a 15-year mortgage over a 30-year mortgage will have:
ALower monthly payments and pay less total interest
BHigher monthly payments but pay significantly less total interest over the life of the loan✓ Correct
CThe same total interest cost regardless of term
DLower monthly payments with higher total interest
Explanation
A 15-year mortgage has higher monthly payments than a 30-year mortgage but dramatically reduces total interest paid over the life of the loan.
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