(12 points) Leslie and Ben are interested in a $250,000 fully amortizing loan and are deciding between 2 options, mortgage A and mortgage B Mortgage A Loan term: 30 years Annual interest rate: 5.75 % Monthly payments Up-front financing costs: $4,500 Discount points: 2.5 Mortgage B Loan term: 15-years Annual interest rate: 5.25 % Monthly payments Up-front financing costs: $7,500 Discount points: 2.5 Calculate the monthly payments for mortgage A and B. Calculate the effective borrowing cost for or mortgage A and B. Calculate Lender's Yield for or mortgage A and B Suppose you are the borrower. Based on the effective borrowing costs, which loan would you choose? Explain your answer in 1-2 sentences. Suppose you are the lender. Based on the lenders yield, which loan would you prefer? Explain your answer in 1-2 sentences. (12 points) Leslie and Ben are interested in a $250,000 fully amortizing loan and are deciding between 2 options, mortgage A and mortgage B Mortgage A Loan term: 30 years Annual interest rate: 5.75 % Monthly payments Up-front financing costs: $4,500 Discount points: 2.5 Mortgage B Loan term: 15-years Annual interest rate: 5.25 % Monthly payments Up-front financing costs: $7,500 Discount points: 2.5 Calculate the monthly payments for mortgage A and B. Calculate the effective borrowing cost for or mortgage A and B. Calculate Lender's Yield for or mortgage A and B Suppose you are the borrower. Based on the effective borrowing costs, which loan would you choose? Explain your answer in 1-2 sentences. Suppose you are the lender. Based on the lenders yield, which loan would you prefer? Explain your answer in 1-2 sentences