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Task 2: Results and Recommendations Option A Option B Amount of Payment $ 18,527.60 $ 19,882.03 Total Interest Paid $ 14,662.49 $ 47,168.72 Effective Interest
Task 2: Results and Recommendations Option A Option B Amount of Payment $ 18,527.60 $ 19,882.03 Total Interest Paid $ 14,662.49 $ 47,168.72 Effective Interest Rate Fill in the gray space Task 1A: Amortization Table for Option A Loan Amount P = $ 430,000.00 Amortization Payment, RA = $ 18,527.60 Interest Rate, ra= Total Interest Paid = $ 3.24% compounded monthly 14,662.49 Vaso Armed yassm Al-Ajbar, 201905876, L03 Task 1B: Amortization Table for Option B Loan Amount, P = $ 430,000.00 Amortization Payment, R3 = $ 19,882.03 Interest Rate, T B = Total Interest Paid = 3.40% compounded quarterly $ 47,168.72
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