Question: How do I solve this ?? 2. Compare the monthly payment and total payment for the following loan options. Assume that both loans are fixed

How do I solve this ??

2. Compare the monthly payment and total payment for the following loan options. Assume that both loans are fixed rate and have the same closing costs. Discuss the pros and cons of each loan. You need a $150,000 loan. '\\ Option 1: a 30-year loan at an APR of 8% Option 2: a 15-year loan at an APR of 7% Option 1 Pros Option 1 Cons Option 2 Pros Option 2 Cons

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