John Savage has obtained a short-term loan from First Carolina Bank. The loan matures in 180 days and is in the amount of $45,000. John needs the money to cover start-up costs in a new business. he hopes to have sufficient backing from other investors by the end of the next 6 months. first carolina Bank offers John two financing optios for the $45,000 loan: a fixed-rate loan at 2.5% above prime rate or a variable rate loan at 1.5% above prime. currently the prime rate of interest is 6.5%, and the consensus forecasts of a group of mortgage economists for changes in the prime rate over the next 180 days are as follows: sixty days from today the prime rate will rise 0.5%; 90 days from today the prime rate will rise another 1%; 180 dyas from today the prime rate will drop 0.5%. Using the forecasts prime rate changes, answer the following questions: A. Calculate the total interest cost over 180 days for a fixed rate loan B. Calculate the total interest cost over 180 days for a variable rate loan C. Which is the lower interest cost loan for the next 180 days