Which of the following payment options would result in the lowest amount of interest paid on a mortgage?
A)Accelerated biweekly
B)Biweekly
C)Weekly
D)Semi-monthly

Question

Quizplus · Accepted Answer

Accelerated biweekly payments result in the lowest amount of interest paid on a mortgage because they involve making payments every two weeks, which leads to an extra payment being made each year. This extra payment helps to reduce the overall amount of interest paid over the life of the loan.

Which of the Following Payment Options Would Result in the Lowest