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Business, 15.10.2020 21:01 ameliaxbowen7

Use the following chart to explain how the loan repayment period affects the total cost of the loan. Loan Repayment Period Loan 1 Loan 2 Principal $5,000 $5,000 Interest Rate 6.47 percent 6.47 percent Monthly Payment $98 $57 Loan Repayment Period 5 years 10 years Total cost of the loan $5,866 $6,804

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Use the following chart to explain how the loan repayment period affects the total cost of the loan....
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