Monthly Payments versus Total Cost of a loan The table below contains information about three different car loans. Use the information in the table to answer the questions below. Car Loan 1 $10.000 5% Car Loan 2 $10,000 5% 5 years Car Loan 3 $10,000 5% 4 years 6 years Terms Principal Interest rate Duration Calculations Monthly payment amount Total cost of the loan $161 $189 $230 $11,596 $11.323 $11,054 11 How are the loan terms similar to one another