Olivia is considering membership to the Regional Teachers Credit Union so that she can save money on
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Olivia is considering membership to the Regional Teachers’ Credit Union so that she can save money on a loan. The credit union will lend her $8,000 for 3 years at 2.25% APR. The same loan at her savings bank has an APR of 2.9%. How much would Olivia save in finance charges if she joined the credit union and took out her loan there? Round to the nearest ten dollars.
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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