20. Teagan is a good friend of the manager of Borling Industries and is looking to borrow $6,000 from the company on January 12, 2012, for a term of anywhere from 6 to 11 months. Both parties are agreeable to the following possibilities with respect to term and the corresponding interest rate. Term Interest Rate 9% 7.75% 7% 6.15% 5.5% 6 months 7 months 8 months 9 months 10 months 11 months 5% If Teagan wants to pay the least amount of total interest on his promissory note, which term should he pursue? What amount of interest will he pay? b. If Borling Industries wants to maximize the total interest on the promissory note, which term should it pursue? What amount of interest will it receive?