Dakota is using the online calculator to determine how much interest she will pay on a $20,000 loan at 7% annual interest if paid off in 5 years. Which show the correct values Dakota should input to the online calculator to find the solution?
Balance: $20,000 APR: 7% Time to repay (months): 60
Balance: $20,000 APR: 7% Time to repay (months): 5
Balance: $20,000 APR: 5% Time to repay (months): 7
Balance: $20,000 APR: 5% Time to repay (months): 84