1.) The price of a small cabin is $30,000. The bank requires a5% down payment. The buyer is offered two mortgageoptions: 20-year fixed at 9% or30-year fixed at 9%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the20-year option? find the monthly payment for the 20 year option.

2.)Yolanda takes out a $5,000 amortized loan for 1.5 years at an annual interest rate of 18%. What are her monthlypayments?

round to nearest cent.