Melissa and Adam each take out a $15,000 loan for a new car. Each
has to repay the loan in 4 y...
Mathematics, 15.04.2020 23:25, nyajah13
Melissa and Adam each take out a $15,000 loan for a new car. Each
has to repay the loan in 4 years. Melissa will pay an interest rate of
3% per year. Her monthly payments will be $321. Because Adam
has a lower credit score, he will have to pay an interest rate of 3.5%
per year. His monthly payments will be $325. How much more will
a $15,000 loan cost Adam than Melissa?
Answers: 2
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