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Compare the monthly payments and total loan cost for the following pairs of loan options assume that both loans are fixed rate and had the

Compare the monthly payments and total loan cost for the following pairs of loan options assume that both loans are fixed rate and had the same closing cost you need a loan for once $120000 option 1 they 30 year loan and APR of 9% option to as a 15 year loan at an APR of 8.5%

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