Mathematics, 09.10.2021 01:00, blazecarley

Before she took out her loan, a different bank offered Carlotta a $12,000 loan at 5% interest to be paid back over 9 years. Would that loan cost Carlotta more interest than the loan she took, or less? How much is the difference?

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Before she took out her loan, a different bank offered Carlotta a $12,000 loan at 5% interest to be...