Question: please do fast Type only your answer in the space below with the $ and no spaces, rounding your answer to the nearest hundredths. You

please do fast

Type only your answer in the space below with the $ and no spaces, rounding your answer to the nearest hundredths. You need a loan of $100,000 to buy your new home. The bank offers a choice of a 30-year loan at an APR of 8% and a 15-year loan at 7%. Compare your monthly payments and total loan cost under the two options. Assume that the closing costs are the same in both cases and therefore do not affect the choice. 30 Year Option Question Monthly Payment $ Question Total Loan Costs 15 Year Option Question Monthly Payment $ Question Total Loan Costs Question Which is the better option? 30 Year or 15 Year

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