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The Summer Breeze Hotel borrowed $ 1 0 0 , 0 0 0 from the Meadowlands Bank to pay for a new air conditioning system.

The Summer Breeze Hotel borrowed $100,000from the Meadowlands Bank to pay for a new air conditioning system. The loan is for a period of 5years at an interest rate of 10%and requires 5equal end - of - year payments that include both principal and interest on the outstanding balance. how much in interest will be paid over the life of the loan?
A -31,899
B -29,390
C -24,763
D -39,743
E -50,000

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