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Arthur took out a $12,000 personal loan. The monthly payments 0/
required based on the length of the term are shown in the table. Which is
a true statement about Arthur's repayment of the loan?

Arthur took out a 12000 personal loan The monthly payments 0 required based on the length of the term are shown in the table Which is a true statement about Art class=

Respuesta :

Answer:

Answer C, Arthur will pay about $918 less in interest if he chooses the 3-year loan.

Step-by-step explanation:

(370.53 x 12) x 3 = 13,339.08

(237.61 x 12) x 5 = 14,256.60

14,256.60 - 13,339.08 = 917.58 (then round up)

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