You want to borrow $2500 to take a vacation. The Bank of the North will lend you the money at 15% for 18 months. Southern Savings will lend you the money at 10% for 30 months. What is the total cost (Total Amount Repaid) of each loan? Bank of the North total cost is: 112.32 Southern Savings is: 113.40

Which institute has the best financing deal on your loan?

. How much will you save by accepting their terms?