Grace takes out a one-year loan for $4,000 at 3.8% interest. She makes monthly payments of $340.23. Dylan takes out a one-year loan for $4,000 at 4.9% interest. He makes monthly payments of $342.25. Which of the following statements is true?

idk

step-by-step explanation:

use that smart brain

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of