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Loan ComparisonLoan 1 Loan 2Principal $5000.00 $5000.00Interest4%4%RateMonthly $148.00 $113.00PaymentHow much moneywill a borrowerusing Loan 1 pay ininterest over thelife of the loan?Duration 36 months 48 monthsB. $328.00A. $424.00D. $592.00C. $452.00

Loan ComparisonLoan 1 Loan 2Principal 500000 500000Interest44RateMonthly 14800 11300PaymentHow much moneywill a borrowerusing Loan 1 pay ininterest over thelife class=

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Step-by-step explanation:

The loan borrowed = $5000.00 at 4% interest rate

Monthly payment for the loan = $148 for 36 months

The total amount paid after 36 months = $148 x 36

Total amount =

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