Mathematics, 02.12.2020 01:00 hella33revj

Wilbert needs a student loan to finish school. He needs $4200 and has two options. Option A: 4 years at 4.5% interest with monthly payments of $95.77
Option B: 3 years at 4.7% interest with monthly payments of $125.31
Which loan should Wilbert choose and how much will Wilbert save with that loan?

First, calculate the total payback on each loan.

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Wilbert needs a student loan to finish school. He needs $4200 and has two options. Option A: 4 year...