Some lenders offer loans with biweekly payments rather than monthly payments. Investigate the effect of this on home loans by finding the payment and total interest on a thirty-year simple interest amortized loan of $150,000 at 13% interest. (Round your answers to the nearest cent.)
(a) if payments are made monthly
payment will be $_____
total interest will be $_____
(b) if payments are made biweekly
payment will be $_____
total interest will be $_____