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Q112 pts total We spent a considerable amount of time covering 4 loan repayment plans: Equal Principal Payment Loan Equal Total Payment Loan Balloon Payment

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Q112 pts total We spent a considerable amount of time covering 4 loan repayment plans: Equal Principal Payment Loan Equal Total Payment Loan Balloon Payment Loan with Equal Total Payment . a. Describe each type of loan as if you were a loan officer and you were letting a potential client know their options. 6 pts b. What loan is the cheapest loan? Why? 3 pts c. What loan is the costliest loan? Why? 3 pts

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