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Loan Comparison Loan 1 Principal 2500 00 Interest 8 Rate Loan 2 2500 00 50...

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Basic Math

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Loan Comparison Loan 1 Principal 2500 00 Interest 8 Rate Loan 2 2500 00 50 00 80 00 Monthly Payment Duration 60 months 36 months A 500 00 B 640 00 8 C 380 00 D 400 00 How much money will a borrower using Loan 2 pay in interest over the life of the loan

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