Jamie and adam each have a $12,000 loan with a 5-year term. adam’s interest rate is 3%, and jamie’s interest rate is 4%.
adam’s monthly payment is $216. jaime’s monthly payment is $221.
how much more in interest will jamie pay?
a. $300
b. $960
c. $1260
d. $12,960
Answers: 1
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Jamie and adam each have a $12,000 loan with a 5-year term. adam’s interest rate is 3%, and jamie’s...
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