07DCGO
Answered

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​

Answer :

Answer: 450. 00

Step-by-step explanation:

take the percent of each and multiply it by the years. do it for both. and add the 12000. then subtract both from each other and you get 450.

Go Question: Other Questions