loan payments, credit cards and mortgage question 17

MAT 143 OJI2 Sur Homework: 4D: Loan Payments, Credit Cards and Mortgage Question 17, 4.D.39 Part 1 of 3 Find the monthly payment for each option. The monthly payment for option 1 is S The monthly payment for option 2 is $ (Do not round until the final answer. Then round to the nearest cent as needed.). Help me solve this 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 $30,000 loan. Option 1: a 30-year loan at an APR of 6.15%. Option 2: a 15-year loan at an APR of 5.75% HW Score: 26.32%, 5 of 19 points O Points: 0 of 1 View an example Get more help. Save Clear all Check answor