Olivia is considering membership to the Regional Teachers Credit Union so that she can save money on

Question:

Olivia is considering membership to the Regional Teachers Credit Union so that she can save money on a loan. The credit union will lend her $8,000 for three years at 8.25% APR. The same loan at her savings bank has an APR of 10.5%. How much would Olivia save in finance charges if she joined the credit union and took out her loan there? Round to the nearest ten dollars.