23. 24. [-10.87 Points] I DETAILS I BRECMBC9 14.1.018. MY NOTES PRACTICE ANOTHER Phil Pittman is interested in a fixed-rate mortgage for $400,000. He is undecided whether to choose a 15- or 30-year mortgage. The current mortgage rate 4.5% for the 15-year mortgage and 5% for the 30-year mortgage. (Round your answers to the nearest dollar. use this table, if necessary.) (a) (b) (c) What are the monthly principal and interest payments (in S) for each loan? 15 -year mortgage $ 30-year mortgage $ What is the total amount of interest (in S) paid on each loan? 15-year mortgage $ 30-year mortgage $ Overall, how much rnore interest (in S) is paid by choosing the 30-year mortgage? [-10.87 Points] DETAILS BRECMBC9 14.1.004. using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) MY NOTES PRACTICE ANOTHER Amount Financed $167,300 Term Interest of Loan Rate (years) 7.25% Number of Sl,ooos Financed Table factor (in S) Monthly Payment (in S) Total Interest (in S)