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Which results in a lower total interest change, borrowing 5010 to be repaid 12 months...

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Which results in a lower total interest change, borrowing 5010 to be repaid 12 months later as a single payment loan or borrowing $910 to be repaid as a 12 month installment fon? Assume a simple interest method of calculation at 1175 percent interest. Dofond your answer. Click on the tablo icon to view the MILPF table B The amount of interest on the single payment loans (Round to the nearest cent) The amount of interest on the 12 month installment toonis (Round to the nearest cent.) Why does the 12 month instalimentician restit Question Viewer arges? (Select the best choice below) O A Interest costs are lower when you have the use of the entire $910 for the full year (the single-payment loan) with installment payments, the principalis gradually being paid and interest is paid only on the unpad balance of the loan OB Interest costs are higher when you have the use of the entire 5910 for the full year (the single payment loan) with installment payments, the principalis gradually being repaid and interest is paid only on the unpaid balance of the loan

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