16. Paulina wants to get a home loan. Her bank is offering her two loans. She can choose between a 15-year fixed rate loan at 4% and a 30-year fixed rate loan also at 4%. Circle the correct answer for each question. You don't have to show the math, if you know the answers. (8 points) a. Which loan will have the lower monthly payment? 15-year 30-year they are equal b. Which loan will result in a lower total interest paid at the end of each loan? 15-year 30-year they are equal c. Which loan will have a lower principal? 15-year 30-year they are equal d. Which loan will have the fewer number of payments? 15-year 30-year they are equal