Chester borrowed heavily to attend college. It took him seven years to graduate with a degree in "Unspecified Studies." He has been informed that he has taken out $120,000 of student loans at an interest rate of 5 percent. He has also been told by his lender that he will have to make monthly payments totaling $35. How long will it take for him to pay off his student loans? a. 28 years b. 18 years c. 69 years d. never e. none of the above is correct