8. Frank and Jasmere are both shopping for a new car. They are looking for a $20,000 loan to pay for the new car that they will pay back over a five year period. Frank has a credit score of 730 and Jasmere has a score of 600. Which of the following statements is TRUE?* FICO Score 720-850 690-719 Monthly APR Payment 3.255 % $362 4.612% $374 6.656 % $393 9.468 % $420 13.6 % $461 14.697 % $473 660-689 620-659 590-619 500-589 Over the five year period, Jasmere and Frank will pay the same amount for the car loan O Frank's monthly payment on the auto loan will be more than Jasmere's payment O Jasmere's monthly payment on the loan will be more than Frank's payment