Question: 1. Condominiums usually require a monthly fee for various services. At $235 a month, how much would a homeowner pay over a 10-year period for living in this housing facility?
2. Which mortgage would result in higher total payments? (LO7.3)
Mortgage A: $985 a month for 30 years.
Mortgage B: $780 a month for 5 years and $1,056 a month for 25 years.