Mathematics, 24.03.2020 03:26 justijust500

Janice needs $5,500 in student loans for her last semester of college. The current interest rate is 5% for a 3 year loan or 3.5% for a 4 year loan.

Loan A (3 years) results in monthly payments of $164.84.

Loan B (4 years) results in monthly payments of $122.96.

What would be his total payback amount for each loan?

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Janice needs $5,500 in student loans for her last semester of college. The current interest rate is...

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