8. The monthly payment for a $5,000, loan at 6% for 2 years is $221. The monthly payment for a $5,000 loan at 5% for 2 years is $219. Which is the best estimate of the amount of interest you will save if you take the 5% loan instead of the 6% loan? F $50 G $100 H $75 J $60

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ISBN:9780470458365
Author:Erwin Kreyszig
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8. The monthly payment for a $5,000, loan at 6% for 2 years is $221. The monthly payment for a
$5,000 loan at 5% for 2 years is $219. Which is the best estimate of the amount of interest you
will save if you take the 5% loạn instead of the 6% loạn?
F $50
G $100
H $75
J $60
Transcribed Image Text:8. The monthly payment for a $5,000, loan at 6% for 2 years is $221. The monthly payment for a $5,000 loan at 5% for 2 years is $219. Which is the best estimate of the amount of interest you will save if you take the 5% loạn instead of the 6% loạn? F $50 G $100 H $75 J $60
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