Question Connor is a prospective student who has been accepted for a $50,000 student loan from two different loan providers. He wants to select the student loan with the lowest total cost. The first loan is a 10-year loan at 4% and the second loan is a 20- year loan at 3%. Both loans compound the interest monthly. Which student loan should Connor select? Select the correct answer below: Connor should select the 10-year loan because it has a lower total cost than the 20-year loan. Connor should select the 20-year loan because it has a lower total cost than the 10-year loan. Connor could select either loan because both loans have the same total cost. Not enough information is provided to differentiate the cost of the two loans. P FEEDBACK MORE INSTRUCTION SUBMIT Content attribution search