Mathematics, 09.07.2020 01:01 BlueWaaaazzzBerry

Johny needs a loan for his last year of school. The total loan amount will be $12,000. The current interest rate is 4.5% on a 10 year loan or 5.5% on a 15 year loan. Loan A (10 years) results in monthly payments of $124.37. Loan B (15 years) results in monthly payments of $98.05.

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Johny needs a loan for his last year of school. The total loan amount will be $12,000. The current i...

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