Mathematics, 08.03.2021 18:10 pam93
3. Constance is planning to pay for part of her college using a $12,000 student loan. She is comparing the total costs of two loan options. Option A is to borrow the $12,000 for 5 years at 4.75% annual compound interest. Option B is to borrow the $12,000 for 4 years at 5% annual compound interest. Which of the following is closest to the difference in total cost of Option A compared to Option B?
A $450.00
B $529.87
C $547.84
D $867 72
Answers: 2
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3. Constance is planning to pay for part of her college using a $12,000 student loan. She is compari...
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