Cara borrows a total of 12,000 for 5 years from 3 different lenders. The interest rate...

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Cara borrows a total of 12,000 for 5 years from 3 different lenders. The interest rate for all 3 loans is 8% compounded semiannually. The first loan of 4,000 has the interest accumulated for 5 years and is repaid with a lump sum at the end of 5 years. Cara pays the interest on the second loan of 4,000 every six months and repays the principal at the end of 5 years. The third loan of 4,000 is repaid with 10 level payments that are made at the end of each 6-month period. Calculate the total interest paid by Cara over the 5-year interval. B 1,600 D 3,186 A 932 C 1,920 E 4,453 Cara borrows a total of 12,000 for 5 years from 3 different lenders. The interest rate for all 3 loans is 8% compounded semiannually. The first loan of 4,000 has the interest accumulated for 5 years and is repaid with a lump sum at the end of 5 years. Cara pays the interest on the second loan of 4,000 every six months and repays the principal at the end of 5 years. The third loan of 4,000 is repaid with 10 level payments that are made at the end of each 6-month period. Calculate the total interest paid by Cara over the 5-year interval. B 1,600 D 3,186 A 932 C 1,920 E 4,453