Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. M

Question

Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. Mato has an
interest rate of 7.5%, and he plans to repay the loan in 24 months. Who will pay more in interest, and about how much more will he pay?
Kika: $300
Kica: $700
Mato: $300
Mato: $700

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Thu Giang 3 months 2021-07-28T08:43:40+00:00 1 Answers 2 views 0

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    2021-07-28T08:45:14+00:00

    Mato I think that’s right

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