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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 $ loan. Option 1: a 30-year loan at an APR of %. Option 2: a 15-year loan at an APR of %. Find the monthly payment for each option. The monthly payment for option 1 is $ nothing. The monthly payment for option 2 is $ nothing
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Compare the monthly payments and total loan costs for the following pairs of loan options. Assume th...
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