Question 810 marks] A bank offers two options of loans for house buyers. Option A is annual-rest at a quoted rate of 5.25% per annum. Option B is monthly-rest at 5.5% per annum. Both options require repayment by monthly installments in arrears. You consider a loan amount of 8800,000. (a) If a 10-year loan is required, which option should be preferred? (b) What is your answer for a 20-year loan