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3. Siobhan and her sister Aoife make frequent trips to Galway, Ireland, to visit their family. They are considering purchasing a bungalow in Galway, which

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3. Siobhan and her sister Aoife make frequent trips to Galway, Ireland, to visit their family. They are considering purchasing a bungalow in Galway, which has an asking price of 96,000 ($126,350). They expect to borrow the entire price of the bungalow. They have loan options through two local banks: Bank A: APR of 5.4% for a 30year loan Bank B: APR of 3.24% for a 15-year loan What will their monthly payment be if they choose to use Bank A? What will their monthly payment be if they choose to use Bank B? (Ab/W fwd rugd" How much total will they pay for the bungalow if they choose to use Bank B? G: 18%, w 1:?) MM

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