Mathematics, 31.03.2020 20:22, Rosa2602

A single student loan was taken out for P=$5,000. Two repayment plans are offered for the loan

Option A: 5 year loan, annual interest rate of 7%, monthly repayments of $99.01.
Option B: 4 year loan, annual interest rate of 8%, monthly repayments of $122.06.
On which loan will you pay the least interest?

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A single student loan was taken out for P=$5,000. Two repayment plans are offered for the loan
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