Say you take out a loan with a principal of $44,500. The interest rate is 13.11%, compounded monthly. If you make
consistent monthly payments and pay off the loan over the course of six and a half years, how much interest will you
have paid in total? Round dollar amounts to the nearest cent.
a. $21,849.92
b. $3,018.03
C. $20,003.60
d. $24,321.18