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Loan Comparison Loan 1 Loan 2 $2500.00 Principal $2500.00 Interest 8% Rate 8% Which loan will require less total money over the life of the

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Loan Comparison Loan 1 Loan 2 $2500.00 Principal $2500.00 Interest 8% Rate 8% Which loan will require less total money over the life of the loan? Monthly $50.00 $80.00 Payment Duration 60 months 36 months A. Loan 1 B. Loan 2 C. The loans pay equal amounts D. Not enough information

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