You have been offered two loans: Offer A Loan of $12,000 Simple Interest Offer B Loan of $12,000 Compounded Monthly Annual Interest Rate of 6% Annual Interest Rate of 6% 100 Months 100 Months Which offer will require less money to be paid back at the end of the 100 Months? Offer A With offer A, the amount that would need to be paid back at the end of 100 Months will be $18,000 With offer B, the amount that would need to be paid back at the end of 100 Months will be $19,760.02