Homework for section. Samm. VOODOO Cerque para cor your ROC Ngebra Calculator - Math Papa Cet Homework Help With Chega SL Mathway Algebra Problem Solver Puture Value Anmuty Calculate 1. (-/2 Points] DETAILS HARMATHAP11 6.5.001. MY NOTES ASK YOUR TEA Two loans are for the same amount at the same interest rate; one is paid off in 9 years and the other in 15 years. (a) Which loan results in more of each payment being directed toward principal? Explain. The 15 year loan results in more payment to principal since the loan is paid slower, The 9 year loan results in more payment to principal since the loan is paid quicker The 9 year loan results in more payment to principal since the loan is paid slower. The 15 year loan results in more payment to principal since the loan is paid quicker. (b) Which loan results in a lower periodic payment? Explain The 15 year loan results in a lower periodic payment since the loan is paid quicker. The 9 year loan results in a lower periodic payment since the loan is paid slower. The 9 year loan results in a lower periodic payment since the loan is paid quicker The 15 year loan results in a lower periodic payment since the loan is paid slower. Need Help? 2. (-/1 Points) DETAILS HARMATHAP11 6.5.003. MY NOTES ASK YOUR TEACHE A debt of $7000 is to be amortized with 12 equal semiannual payments. If the interest rate is 12%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.) $ Need Help? DETAILS 3. (-/12 Points) HARMATHAP11 6.5.005.MI.SA. ASK YOUR TEACHER MY NOTES MacBook Pro