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Phat ratman is interested in a fixed-rate mortgage for $200,000, He is undedded whether to choose a 15 or 30 -year mertgage. The current mortgage

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Phat ratman is interested in a fixed-rate mortgage for $200,000, He is undedded whether to choose a 15 or 30 -year mertgage. The current mortgage rate is 4.5 for the 15 -year mortgage and 5% for the 30year mortgage. (Round your answers to the nearest dolar. Use this table, if necessary!) (a) What are the monthily orindpal and interest paymente (in 5) for each loan? 15 -yeat mortgage 5 20 year mortgage 5 (b) What is the total amaunt of interest (in 5) pald on each loan? 15-year mbrtgage 5 zo-yeat mertgage 5 (c) Overall how much more interest (in s) is paid by choosing the 30 vent mortysge

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