A student is planning for the cost of their education. After accounting for scholarships, he plans to have student loans totaling  P=$70,000. He looks at his loan repayment options to decide which will require him to pay back the least amount. Loan A: 10-year loan, with an annual interest rate of 8.5%. Loan B: 15-year loan, with an annual interest rate of 6.4%. Loan C: 30-year loan, with an annual interest rate of 5.3%. Each loan is paid back monthly. On which loan will he pay the least interest

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