14. How much would the monthly payments differ if a household took out a fully amortizing $325,000 mortgage loan at 6.75% over 30 years rather than 20? a) $0 b) $488.11 c) $198.87 d) $363.24 15. What is the rate of interest on a 30 year fully amortizing loan if the monthly repayments are $1,270.48? a) 5.45% b) 4.85% c) 5.86% d) 6.12% 16. Based on a $400,000 25 year loan at an interest rate of 6.45% what are the interest payments in the first month a) $1,857.50 b) $2,150.00 c) $2,418.75 d) Can't answer the question without knowing if the loan is fully amortizing or partially amortizing.