Solve the problem.You need a $119,286 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 8%Option 2: a 15-year loan at 7%
A. Option 1: $887.98
Option 2: $1108.07
B. Option 1: $891.49
Option 2: $1119.74
C. Option 1: $875.28
Option 2: $1072.18
D. Option 1: $864.45
Option 2: $1040.38
Answer: C
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A. 
B. 
C. 
D. 
Find the exact value of the expression.
A. - 
B. 
C. 
D. - 
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