Question: Solve the problem. SHOW YOUR WORK. [4 points possible] 44) You need a $199,443 loan. Compute the monthly payment for each of the loan options

Solve the problem. SHOW YOUR WORK. [4 points possible] 44) You

Solve the problem. SHOW YOUR WORK. [4 points possible] 44) You need a $199,443 loan. Compute the monthly payment for each of the loan options listed below. Assume that the loans are fixed rate. Option 1: a 30 year-loan at an APR of 7.25% Option 2: a 15-year loan at 6.8%

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