Latoya is taking out a mortgage for $145,000 to buy a new house and is deciding between the offers from two lenders. She wants to know which one would be the better deal over the life of the mortgage...

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Extracted text: Latoya is taking out a mortgage for $145,000 to buy a new house and is deciding between the offers from two lenders. She wants to know which one would be the better deal over the life of the mortgage loan, and by how much. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Her credit union has offered her a 15-year mortgage loan at an annual interest rate of 6.2%. Find the monthly payment. (b) A bank has offered her a 40-year mortgage loan at an annual interest rate of 2.3%. Find the monthly payment. (c) Suppose Latoya pays the monthly payment each month for the full term. Which lender's mortgage loan would have the lowest total amount to pay off, and by how much? O Credit union less than to the bank. The total amount paid would be $ O Bank less than to the credit union. The total amount paid would be $