An investor has $60,000 to invest in a $280,000 property. He / she can obtain either a $230,000 loan at 8.5% for 20 years (option A) or a $180,000 loan at 9% for 20 years and a second mortgage for $40,000 at 11% for 15 years. Both loans require monthly payments and are fully amortizing. Based on the analysis what option should the investor choose, assuming ownership for the full loan term? option A option B explore other options none of the above Part B Considering the facts in question #7, how much equity is available? $20,000 $10,000 none can't determine Part 3 Considering the assumptions in question #7, what down payment is required in Option B? $50,000 $60,000 $0 None of the above