Consider the following two loans for Po = $5,000. • Loan A: 2.5 year loan, annual interest rate of 12%.
• Loan B:5 year loan, annual interest rate of 6%.
Both loans are paid monthly, and their interest is compounded monthly Calculate the absolute difference between the total
interest paid on both loans.

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step-by-step explanation:

step-by-step explanation:

given that ab is divided into equal parts as

ac, cd, de, ef, fg, gh, hi, ib.

from this we find that f is the midpoint of ab.

so using mid point formula we find

f = (3,7)

similarly considering fb, we get

h = mid point of fb = ((6,6) and g, mid point of fh is

g = (9/2, 13/2)

i is mid point of hb

so i =(15/2,11/2)

just get this app called photo math it should be able to do those