Business, 26.07.2019 04:30 MacenParisi

A lump-sum loan of $5 comma 0005,000 is needed by chandra to pay for college expenses. she has obtained small consumer loans with 1212% interest per year in the past to pay for college. but her father has advised chandra to apply for a plus student loan charging only 8.58.5% interest per year. if the loan will be repaid in full in fivefive years, what is the difference in total interest accumulated by these two types of student loans? chandra makes no payments until the end of the loan period.

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A lump-sum loan of $5 comma 0005,000 is needed by chandra to pay for college expenses. she has obtai...