Mathematics, 30.03.2021 04:50 desiiraee6265

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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Consider the following two loans for Po = $5,000. • Loan A: 2.5 year loan, annual interest rate of...

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