You are taking out a $50,000 loan to buy a new cool car. Your financial institution will lend you this money at 9% APR with monthly compounding. This loan should be amortized completely over 4 years of equal monthly payments, starting 1 month from now. What is the total interest that you will pay over the life of the loan? a)$6,364.07 b)$16,793.80 c)$3,122.38 d)$9,724.10 e)$13,201.21