Advanced Placement (AP)

Which of the following loans will have a higher total cost? a loan for $5,000 at 3.5 percent over a loan period of four years. a loan for $5,000 at 3.5 percent over a loan period of six years.

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Which of the following loans will have a higher total cost? a loan for $5,000 at 3.5 percent over a...

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