Mathematics, 04.02.2020 14:43 milagrosee12
Ethel and jack each separately apply for and receive a loan worth $7,725 apiece. ethel has a relatively average credit rating, so her loan has an apr of 9.14%, compounded monthly. jack’s credit rating is excellent, so his loan has an apr of 6.88%, compounded monthly. if they both pay off their respective loans by making six years of identical monthly payments, how much more will ethel pay than jack?
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Ethel and jack each separately apply for and receive a loan worth $7,725 apiece. ethel has a relativ...
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