Mathematics

Mathematics, 01.02.2021 19:30, tinytoonjr6901

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?

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Melissa and Adam each take out a $15,000 loan for a new car. Each has to repay the loan in 4 years....

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