Find the difference in the interest charges

Reference no: EM13178573

Tomas needs to borrow $3900 so he can repair damages to his car. He plans to pay the loan back in full in 5 months using his income tax refund. He can go to a finance company that will charge him 18% or to his uncle, who has greed to charge him 9%. Find the difference in the interest charges.

Reference no: EM13178573

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