Mathematics, 23.06.2019 19:20 kristofwr3444
Miles and nick each separately apply for and receive loans worth $5,000 apiece. miles has a very good credit score, so his loan has an apr of 7.75%, compounded monthly. nick's credit score is rather low, so his loan has an apr of 13.10% interest, compounded monthly. if both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will nick have paid than miles? (round all dollar values to the nearest cent.) a. $619.68 b. $267.50 c. $1,609.57 d. $1,070.00
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Miles and nick each separately apply for and receive loans worth $5,000 apiece. miles has a very goo...
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