Mathematics, 13.02.2020 21:21 aesmithswhs

Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing cost
You need a $160,000 loan
Option fa 30 year loan at an APR of 8%
Option 2 a 15-year loan at an APR of 7.5%
Find the monthly payment for each dion.
The monthly payment for option 1 is
The monthly payment for option 2 is
(Do not round unt the final answer. Then round to the nearest cent as needed.)

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Compare the monthly payments and total loan costs for the following pairs of loan options. Assume th...