1. Devlin needs to borrow $3,500 and plans to pay it back monthly over the next 5 years. For a, b & c below, determine the total interest and fees Devlin will be charged in each case.

1a. Bank south will give him the loan at an 18% annual rate with no origination fee.

1b. Sun Coast will give him the loan at 12% annually with an origination fee of $55 and an annual service fee of $50 each year.

1c. First National will give him the loan at 10% annually with a $100 application fee and a $200 loan origination fee.