Question: Maya is deciding between two personal loans. For each loan, the loan amount is $9000. For Loan A, the interest rate is 9.2% per year

Maya is deciding between two personal loans. For each loan, the loan amount is $9000. For Loan A, the interest rate is 9.2% per year and the loan term is 8 years. Find the total amount to repay Loan A. For Loan B, the interest rate is 9.2% per year and the loan term is 7 years. Find the total amount to repay Loan B. For which loan would she pay less, and by how much? Loan A Loan B

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