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
Please select the best answer from the choices provided A B C D