-both loans afe fixed rate and have the same closing costs

Compare the monthly payments and total loan costs for the following pairs of loan options You need a $30,000 loan. Option 1: a 30-year loan at an APR of 6.65%. Option 2: a 15-year loan at an APR of 6.25%. The monthly payment for option 1 is $ . The monthly payment for option 2 is $|| (Do not round until the final answer. Then round to the nearest cent as needed.) Find the total amount paid for each option. The total payment for option 1 is $ The total payment for option 2 is $ (Use the answers from the previous step. Round to the nearest cent as needed.) Compare the two options to determine which is the better economic option. Which appears O A. Option 1 is the better option, but only if the borrower needs the lower monthly paym O B. Option 2 is the better option, but only if the borrower can afford the higher monthly c. Option 2 will always be the better option. OD. Option 1 will always be the better option Compare the two options to determine which is the better economic option. Which appears to be the better option? O A. Option 1 is the better option, but only if the borrower needs the lower monthly payment, O B. Option 2 is the better option, but only if the borrower can afford the higher monthly payments over the entire term of the loan OC. Option 2 will always be the better option. OD. Option 1 will always be the better option