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In terms of paying less in interest, which is more economical for a $210 comma 000 mortgage: a 30-year fixed-rate at 9% or a 20-year fixed-rate at 8.5%? How much is saved in interest? Question content area bottom Part 1 Select the correct choice below and fill in the answer box within your choice. (Do not round until the final answer. Then round to the nearest thousand dollars.) A. The 30-year 9% loan is more economical. The buyer will save approximately $ select: 182,436.76 enter your response here in interest. B. The 20-year 8.5% loan is more economical. The buyer will save approximately $ enter your response here in interest.
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