Two loans are for the same amount at the same interest rate. One is paid off in 17 years; the other, in 21 years. (a) Which loan results in more of each payment being directed toward principal? Explain. The 21 year loan results in more payment to principal since the loan is paid slower. The 21 year loan results in more payment to principal since the loan is paid quicker. The 17 year loan results in more payment to principal since the loan is paid slower. The 17 year loan results in more payment to principal since the loan is paid quicker. x (b) Which loan results in a lower periodic payment? Explain. The 21 year loan results in a lower periodic payment since the loan is paid slower. The 17 year loan results in a lower periodic payment since the loan is paid quicker. The 21 year loan results in a lower periodic payment since the loan is paid quicker. The 17 year loan results in a lower periodic payment since the loan is paid slower. X Need Help? Read It