Question: Question #5 A. Develop a Loan Amortization Table for the following two loans (8 points) B. Calculate the total interest paid over the life of

Question #5 A. Develop a Loan Amortization Table for the following

Question #5 A. Develop a Loan Amortization Table for the following two loans (8 points) B. Calculate the total "interest paid" over the life of each loan (5 points): Loan amount: Annual Interest Rate Duration/Terms Loan #1 $1,000,000 3.500% 30 Years of annual payments Loan #2 $1,000,000 20.000% Which loan costs the most interest over the life of the loan? (2 points) Loan #1 or Loan #2 C

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