Derrielle6451
07.03.2020 •
Mathematics
Sarah takes out a loan for $30,000. She has two choices for the loan; a 5 year loan with 5% simple interest or a 7 year loan with 4% compound interest. What is the difference in the amount of interest she would owe?
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Ответ:
5%
Total interest paid:
$5,617.46
Total payments:
$35,617.46
4%
Total interest paid:
$4,445.43
Total payments:
$34,445.43
Your Anwser Would Be 1172.03
Ответ:
Step-by-step explanation: