Question: solve question number 2 e) Find the total interest on the 15-yee loan. 2 points f Find the savings on the 15-year loanf. by comparing


solve question number 2
e) Find the total interest on the 15-yee loan. 2 points f Find the savings on the 15-year loanf. by comparing the total interest from the 30-year to the 15-year loan. 2 points 2. You are buying a home at $220,000 with 20% down and an interest rate of 5.5% and a term of 30 years. a) Find the monthly payment. (You found the mortgage in problem 1a) Show your set-up 4 points b) Find the total interest. 2 points c) Find the savings in interest on this compared to the total interest in the home in 1d. (30-year 6.5%) C. 2 points
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