Hao Wang had to borrow $4,500.00 at 8.75% to put in a hot tub. He had to pay $2,756.25 in interest. Find the term (Time) of the loan. Will this be a reasonable amount of time? Suppose Jay Payton had a choice of two loans: one at 5% simple interest for 6 years, and one at 6% simple interest for 5 years. Which will result in the smaller future value? Does it depend on the principal? Hao Wang had to borrow $4,500.00 at 8.75% to put in a hot tub. He had to pay $2,756.25 in interest. Find the term (Time) of the loan. Will this be a reasonable amount of time? Suppose Jay Payton had a choice of two loans: one at 5% simple interest for 6 years, and one at 6% simple interest for 5 years. Which will result in the smaller future value? Does it depend on the principal