lan has the choice of taking out a 25 year loan for 205 000

Last updated: 1/24/2024

lan has the choice of taking out a 25 year loan for 205 000 at 3 2 interest compounded monthly or the same loan at 20 years for a higher monthly payment If he would pay a total of 93 077 in interest on the 25 year loan how much in total would he pay in interest on the 20 year loan O A Less than 93 077 OB More than 93 077 but less than 205 000 OC 93 077 OD 205 000