darksky4658
darksky4658
27.10.2020 • 
Mathematics

In one instance, a financial institution loaned you $10,000 for two years at an APR of 3.75% for which you must make monthly payments. In a second instance, you loaned a financial institution $10,000 for two years at an APR of 3.75% compounded monthly. What is the difference in the amount of interest paid?

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