Using an online loan calculator, determine the difference in the total cost of repaying a $2,500 easy access loan between the two payment options shown here.
• Option 1: Repay the loan in 6 months with a 9% APR. • Option 2: Repay the loan in 9 months with a 12% APR.
(1 point)
$135.82
$126.66
$60.63
$66.03