Mathematics, 20.09.2019 23:00 nicky123415

Mr. fitch needs to get a loan to replace the air-conditioning system in his home. the cost of the replacement, including installation, is $4,348.00. he can apply for a 5-year loan or a 3-year loan. both loans involve simple interest with an annual interest rate of 6.5%. if mr. fitch applies for the 5-year loan, how much more will he pay in interest than with the 3-year loan?

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Mr. fitch needs to get a loan to replace the air-conditioning system in his home. the cost of the re...