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A small US business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $ 1

A small US business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,250 per month for the next three years and then $1500 per month for two years after that. If the bank is charging customers 12% APR, how much would it be willing to lend the business owner?
Group of answer choices
$59,963.95
$45,058.15
$61494.65
$46,055.21

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