4.D.37 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 costs You need a $120,000 loan Option 1 a 30-year loan at an APR of 8% Option 2. a 15-year loan at an APR of 75% Find the monthly payment for each option The monthly payment for option 1 is 5 The monthly payment for option 2 is s (Do not round until the final answer. Then round to the nearest cent as needed)