Time to repay installment loan Personal Finance Problom Mio Salto wishes to determine how long it will take to repay a $13.000 loan given that the fender requires her to make annual end-of-year installment payments of $2,654 a. If the interest rate on the loan is 12%, how long will it take for her to repay the loan fully? b. How long will it take if the interest rate is 9%? c. How long will it take if she has to pay 15% annual interest? d. Reviewing your answers in parts a, b, and c, describe the general relationship between the Interest rate and the amount of time it will take Mia to repay the loan tully. a Mia can borrow at an annual interest rate of 12%, the amount of time it will take for her to repay the loan fully is yours. (Round to two decimal places.) b. Ma can borrow at an annual interest rate of the amount of time it will take for her to repay the loan fully year. (Round to two decimal places.) c. Il Mio con borrow at an annual interest rate of 15% the mount of time it will take for her to pay the toon tully is year. (Round to two decimal places.) d. Reviewing your answers in parts a, b, and describe the general relationship between the interest rate and the amount of time it will take Min to repay the loan fully (Select the best answer below.) OA. The interest rate does not affect how long it will take to repay the loan. OB. The higher the interest rate, the greater the number of time periods needed to repay the toon tuly, OC. The higher the interest rate, the lower the number of time periods needed to repay the foon fully D. The lower the interest rate, the greater the number of time periods needed to repay the loan fully