Mathematics, 24.10.2020 01:20 NetherisIsTheQueen

Pete needs $8000 in student loans to finish out the year. He is comparing two different loans. The current interest rate is 6% for a 5 year loan 4% for a 10 year loan. Loan A (5 years) results in monthly payments of $154.66. Loan B (10 years) results in monthly payments of $81.00. What would be his total payback amount for each loan?

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Pete needs $8000 in student loans to finish out the year. He is comparing two different loans. The c...

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