146k views
5 votes
Madison wants to buy a car for $9000. She will borrow money and repay the total in 3 years. The required monthly payment on her credit card would be $300. The monthly payment for a personal loan would be $278. How much money would Madison save if she chose the personal loan instead of the credit card?

1 Answer

1 vote
Madison would save $264 if she chose the personal loan
User Aeonaut
by
7.4k points

No related questions found