A contractor borrows $10,000 from the bank at 8% interest to repay over 4 years. If another contractor borrows with 10%

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answerhappygod
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A contractor borrows $10,000 from the bank at 8% interest to repay over 4 years. If another contractor borrows with 10%

Post by answerhappygod »

A contractor borrows $10,000 from the bank at 8% interest to
repay over 4 years. If another contractor borrows with 10% interest
under the same conditions, how much will the installment amount
differ from the other contractor? (They will pay one installment
per year)
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