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Pay over the life of each loan

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What is the monthly payment of a loan 150000 at 5% for 30 yrs What is the monthly payment of a loan 150000 at 6% for 20 yrs How much will you pay over the life of each loan? How much of that is in interest Which option would you choose explain your reasoning. Take in consideration both loan 1 and 2.

Reference no: EM131382038

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Pay over the life of each loan : What is the monthly payment of a loan 150000 at 5% for 30 yrs What is the monthly payment of a loan 150000 at 6% for 20 yrs How much will you pay over the life of each loan? How much of that is in interest Which option would you choose explain you..
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