3:55 PM Tue Nov 10 66% + Between the three, who is paying the most in interest? 2. You want to borrow $1,000. Which will cost you more, paying 12 monthly payments of $92 or 36 monthly payments of $36? 3. Anna borrowed $10,000 to buy a new car. If the loan is repaid over 24 months, the monthly payment, including interest, is $450. If the loan is repaid over 48 months, the monthly payment, including interest, is $245. a. What is the difference in the price of the car between the two payment options? b. Explain why Anna might choose each of these two options. 4. Steve took out a loan for $5,000 to help pay for his college education. If he repays the loan over 24 months, he will pay $223.96 a month. If he repays the loan over 48 months, he will pay $45.96 less each month. a. How much will Steve pay if he repays it over 24 months? 1 2 b. How much more will the loan cost Steve if he repays it over 48 months