Carmen is taking out an amortized loan for $88,000 to open a small business and is deciting between the offers from two kenders. She wants to know which one would be the better deal over the life of the small business loan, and by how miach. Answer each part, Do not round intermediate computations, and round yout answers to the nearest cent. If necessary, refer to the list of financal formulas. (a) A savings and Ioan association has offered her a 10 -year small business loan at an annual interest rate of 9.6%. Find the monthly payment. (b) Her credit unson has offered her a 8-year small business loan at an mnual interest tate of 9.6%. Find the monthly poyment. (c) Suppose Carmen pays the monthly payment each month for the full term, which lender's small business toan would have the lowest total amount to pay off, and ty how much? (b) Her credit union has offered her a 8-year small business loan at an annual interest rate of 9.6%. Find the monthly payment. (c) Suppose Carmen pays the monthly payment each month for the full term. Which lender's small business loan would have the lowest total amount to pay off, and by how much? Savings and loan association The total amount paid would be 5 ] less than to the credit union. Credit union The total amount paid would be : less than to the savings and loan association