Mathematics, 08.01.2021 18:10, mullanebrianot3dpw

Demarcus and Lauren each take out a $90,000 loan for a new condo. Each has to repay the loan in 10 years. Demarcus will pay an interest rate of 2.8% per year. His monthly payments will be $771. Because Lauren has a lower credit score, she will have to pay an interest rate of 3.7% per year. Her monthly payments will be $840. How much more will a $90,000 loan cost Lauren than Demarcus?

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Demarcus and Lauren each take out a $90,000 loan for a new condo. Each has to repay the loan in 10 y...