What is the total amount paid difference over $5$ years at $5\%$ interest and $10\%$ interest when you borrow $20k?$

Does this difference surprise you? Why or why not?

Calculate the same terms for a $20$ year loan instead of $5$ years.

What would the total cost of ownership be for $5$ years and $20$ years at $5\%$ and $10\%$ interest?

What is the advantage of taking the $20$ year loan?

Is there an advantage of taking the $5$ year loan?