Assume that you qualify for a $25,000 loan from the Canada Student Loans Program to help finance your education. You are considering whether to repay this loan on graduation with a fixed interest rate of prime plus 5% or a floating interest rate of prime plus 2.5%. Assuming you start repaying your loan immediately upon graduation, information related to your loan options follows: Fixed Interest Rate Floating Interest Rate Amount of loan $25,000 $25,000 Prime interest rate assumed 2.75% 2.75% Number of months to repay loan 120 months 120 months Monthly instalment payment $300 $268 Total interest payable over life of loan $11.003 $7.188 (b) Which option you think is best for you