You are considering taking out one of two loans. loan r has a principal of $17,550, an interest rate of 5.32% (compounded monthly), and a duration of seven years. loan s has a principal of $15,925, an interest rate of 6.07% (compounded monthly), and a duration of nine years. assuming that you pay back each in monthly intervals, which loan will have a greater lifetime total, and how much greater will it be? round all dollar values to the nearest cent. a. loan s’s lifetime total will be $1,274.12 greater than loan r’s. b. loan s’s lifetime total will be $32.99 greater than loan r’s. c. loan r’s lifetime total will be $350.88 greater than loan s’s. d. loan r’s lifetime total will be $58.96 greater than loan s’s.