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Ximena is trying to get a mortgage loan of $ 1 7 0 , 0 0 0 . The bank quotes her a 1 5

Ximena is trying to get a mortgage loan of $170,000. The bank quotes her a 15-year rate of 5.6% and a 30-year rate or 7.5%. Both of these loans involve equal monthly payment.
a. What is monthly payment for the 15-year loan? What is the total interest paid?
b. What is the monthly payment for the 30-year loan? What is the total interest paid?
c. What is the APR for each option?

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