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Loan Comparison Loan 1 Loan 2 Principal $2500.00 $2500.00 Interest Rate Monthly Payment 8% 8% $50.00 $80.00 How much money will a borrower using

Loan Comparison Loan 1 Loan 2 Principal $2500.00 $2500.00 Interest Rate Monthly Payment 8% 8% $50.00 $80.00 How much money will a borrower using Loan 2 pay in interest over the life of the loan? Duration 60 months 36 months A. $500.00 B. $640.00 C. $380.00 D $400.00

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