delaneywalund delaneywalund

11-05-2024
Mathematics

Answered

Tom and Susan would like to obtain an installment loan of 10,575 to remodel a bedroom. They can get a loan at an APR of 9% for 24 months or at an APR of 11% for 36 months. Which costs less? How much do they save by choosing the lower loan? Lowest cost loan: Savings:

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