Question: Consider the following two loans for P = $ 2 , 500 . Loan A: 3 -year loan, annual interest rate of 15 % ,

Consider the following two loans for P = $ 2 , 500 . Loan A: 3 -year loan, annual interest rate of 15 % , monthly repayments of $ 86.66 . Loan B: 5 -year loan, annual interest rate of 10 % , monthly repayments of $ 53.12 . Calculate the absolute difference between the total interest paid on both loans. Round your answer to the nearest ten dollars. Do NOT round until you calculate the final

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