You plan to buy a $240000 home with a 10% down payment. The bank you want to finance the purchase suggests two options (use semiannual compounding): Option 1:20-year mortgage at 8.19% nominal annual interest rate. Option 2:30-year mortgage at 11.23% nominal annual interest rate. What is the equivalent monthly interest rate for each option? Equivalent monthly interest rate Option 1: % Equivalent monthly interest rate Option 2: % What is the monthly payment of each option? Monthly payment Option 1:\$ Monthly payment Option 2: $