Total interest paid and the size of the yearly payments

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You are offered a loan for $200’000. The loan comes with the following terms: Years 30 25 18 12 8 Interest Rate 7.40% 5.90% 5.00% 4.80% 4.60% Payments are due yearly, at the end of the year. Analyze this loan and recommend what loan you would select based on the total interest paid and the size of the yearly payments.

Reference no: EM131356785

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