PLEASE ANSWER ASAPThe formula m = 12,000 + 12,000rt 12t gives Keri's monthly loan payment, where r is the annual interest rate and t is the length of the loan, in years. Keri is deciding between two loans, 3 years at 2.49% and 5 years at 5.37%. Give an advantage and a disadvantage of each.

Answer:The 3-year loan is cheaper overall. The 3-year loan’s monthly payment would be higher. The 5-year loan, is more expensive overall. The 5-year loan’s monthly payment would be lower.