Peter wants to borrow $3,000. he has two payment plans to choose from. plan a is 4% interest over 6 years. plan b is 5% interest over 4 years. using the formula mc024-1.jpg for payment, m, which statement best compares the plans? plan a has a monthly payment of about $23 less and a total interest charge of $120 less than plan b. plan a has a monthly payment of about $23 less and a total interest charge of $120 more than plan b. plan a has a monthly payment of about $23 more and a total interest charge of $120 more than plan b. plan a has a monthly payment of about $23 more and a total interest charge of $120 less than plan b