Question: Wei-Jen needs to borrow $6000. She can borrow from a finance company at 6.90% add-on interest for 4 years. Or she can borrow from a

Wei-Jen needs to borrow $6000. She can borrow from a finance

Wei-Jen needs to borrow $6000. She can borrow from a finance company at 6.90% add-on interest for 4 years. Or she can borrow from a credit union (48 monthly payments of $158.00 each.) Find each APR and determine the better choice. Use the table to find the APR for the finance company loan. % (Round to the nearest half percent.) Use the table to find the APR for the credit union loan. % (Round to the nearest half percent.) Which is the better choice? Finance Company Credit Union

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