Question: a student needs to borrow 1 0 0 0 0 to pay for college. she can get the loan at an apr of 8 .

a student needs to borrow 10000 to pay for college. she can get the loan at an apr of 8.5% to be paid off in monthly installments over the next 4 years. if she decides to pay the loan off in monthly installments over 3 years instead of 4 years. howmuch mich will she save

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