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Please answer Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and

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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 $180,000 loan Option 1: a 30-year loan at an APR of 75% Option 2 a 15-year loan at an APR of 7.05% GULDD Find the monthly payment for each option The montilly payment for option is The mortly payment for opbon 2 is $ Do not round until the final answer. Then found to the nearest cent as needed)

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