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 cost
You need a $160,000 loan
Option fa 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 dion.
The monthly payment for option 1 is
The monthly payment for option 2 is
(Do not round unt the final answer. Then round to the nearest cent as needed.)

Avegetable garden and a surrounding path are shaped like a square together are 12 ft wide. the path is 1 feet wide. if one bag of gravel covers 8 square feet, how manu bags are needed to cover the path? round your answers to the nearest tenth.

Aswimming pool has an input pump for filling the pool and an output pump for emptying the pool. the input pump can fill the pool in 3 hours, and the output pump can drain the pool in 5 hours. as you go to bed, the pool is full, but a neighbor’s kid turns on the output pump. at midnight, you awake to find the pool half empty. immediately, you turn on the input pump, but you are sleepy and forget to turn off the output pump. at what time will the pool become full?

Arestaurant chef made 1 1/2 jars of pasta sauce. each serving of pasta requires 1/2 of a jar of sauce. how many servings of pasta will the chef be able to prepare using the sauce?