Mathematics, 05.05.2020 16:39 santiagohgonzales
Amber borrows $5,000 from the bank. If she repays the loan in 5 years, the annual interest rate is 8%, compounded annually. However, if she can repay the loan in 3 years, the annual rate is 6.5%, compounded annually. How much interest will Amber save by repaying the loan in 3 years? (to the nearest dollar)
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Amber borrows $5,000 from the bank. If she repays the loan in 5 years, the annual interest rate is 8...
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