Question $2$

Loan A Loan B

Months $360360$

Loan amount Loan A$)$ $$187,500$ Loan B$)$ $$187,500$

Rate A$)4\mathrm{.}1\%$ B$)4\mathrm{.}0\%$

Points A$)0\%$ B$)2\%$

Payment :A$)\_\_\_\_$ B$)\_\_\_\_\_$

APR :A$)\_\_\_\_\_\_\_$B$)\_\_\_\_\_\_\_\_$

Fill in the blank to compare the two loan$$s APRs

Briefly comment on the result. Which loan would you choose?