Business, 17.09.2019 21:10, eshaesmot12345

A lump-sum loan of $5,000 is needed by chandra to pay for college expenses. she has obtained small consumer loans with 1212% interest per year in the past to pay for college. but her father has advised chandra to apply for a plus student loan charging only 8.5% interest per year. if the loan will be repaid in full in five years, what is the difference in total interest accumulated by these two types of student loans?

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A lump-sum loan of $5,000 is needed by chandra to pay for college expenses. she has obtained small c...