Elise is offered two similar student loans. The first is a $20,000, 15-year fixed-rate loan at 4.5%. The second is a $20,000, 15-year variable rate loan at 4.15%. For which of these loans could Elise more accurately predict the total amount that she will have to pay over the duration of the loan? Select the correct answer below: O Elise could more accurately predict the total amount that will be paid for the fixed-rate loan. O Elise could more accurately predict the total amount that will be paid for the variable rate loan. O Elise cannot accurately predict the total amount of either loan. O Elise can determine the total amount that will be paid for both loans because they will always result in the same amount paid. Mikael owes $9,000 in student loans. His loan has a 7% interest rate over 10 years. What is true about this loan? Select the correct answer below: O Mikael will pay $6,300 in interest on the loan. O Mikael will pay $900 each year of his 10 year loan. O Mikael will pay $3,540 in interest on the loan. O Mikael will pay $1,000 each year of his 10 year loan