Origination Fees. Jack needs to borrow $1,500 for one year. Bank South will give him the loan at 11%. SunCoast Bank will give him the loan at 8% be charged in each case. Which loan should Jack choose? If Jack takes the loan at Bank South, the amount of total interest and fees is $ (Round to the nearest cent.) Loan interest. Sharon is considering the purchase of a car. After making the down payment, she will finance $20,050.00. Sharon is offered three thay will be $332.29. Sharon rejects the four yoar loan, as it is not within her budget. How much interest wili Sharon pay over the life of the loan on the five-year loan? How much interest will Sharon pay over the life of the loan on the six-year loan? Which should she choose if she bases her decision solely on total interest paid? The amount of interest sharon will pay over the life of the loan on the five-year loan is s (Round to the nearest cent.) Credit Limit. Mary and Marty ate interested in obtaining a home equity loan. They purchased their house five yoars ago for $135,000, and it now has a mortgage is 589.161 . The bank uses 75% of equily in determining the credit limit. What wil their crecit limit be if the bank bases their credit limit on equity invested and will loan them 75% of the equity? (Round to the nearest dollar)