Ann Nguyen would like an installment loan for 5,000. Her bank will loan her the money at 12% for 18 months. Her insurance company will loan her the money at 12% for 24 months. Which loan would cost her less?
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Home » Mathematics » Ann Nguyen would like an installment loan for 5,000. Her bank will loan her the money at 12% for 18 months. Her insurance company will loan her the money at 12% for 24 months. Which loan would cost her less?