A borrower is purchasing a property for $180,000 and can choose between two possible loan alternatives. The first is a 90% loan for 25 years at 9% interest and the second is a 95% loan for 25 years at 9.25% interest. Fse the information in the problem above, except assume that the loan will be paid off after 5 years (please note that the amortization stays the same as indicated above, ie 25 years). What is the annual incremental cost of borrowing the extra money 13.50 14.15 14.35 1.14 13.66