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 $100,000 loan. Option 1: a 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 option The monthly payment for option 1 is s The monthly payment for option 2 is s 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 S The total payment for option 2 is S (Use the answers from the previous step to find this answer. Round to the nearest cent as needed.) Compare the two options. Which appears to be the better option