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please help quick aptions: a. Borrow $249000 at 6% with monthly payments of $4.813.8/ cover 5 years. b. Borron $249,000 at 7%, with monthly payments
please help quick
aptions: a. Borrow $249000 at 6% with monthly payments of $4.813.8/ cover 5 years. b. Borron $249,000 at 7%, with monthly payments of $2,891.10 ower 90 years. Required: 1. Fecoord the issuance of an instaliment note payable under each option 2. Record the prymesnts for the first and second month under each option. 3. Determine the fotal amount of interest paid under each option over the full period of the Step by Step Solution
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