Time to Pay Off Debt/Business. A local business borrows $200,000 to purchase property. The loan has an annual interest rate of 7$ compounded monthly and a minimum monthly payment of 51482 . a. Approximately how many years will it take the business to pay off the loan if the minimum payment is doubled? Round your answer to one decimal place. It will take years. b. How much interest will the business pay over the life of the loan if the minimum payment is doubled? Round your answer to the nearest dollar. The business wil pay 5 in interest c. How much in imerest will the business save by doubling the minimum payment? Aswume the interest paid when the minimum pryment 51.482 is made is $193,990. Round you a ayswer to the nearest dollar. The business will wires