Peter wants to borrow $3,000. He has two payment plans to choose from. Plan A is 4% interest over 6 years. Plan B is 5% interest over 4 years. Using the formula m=p+prt/12t for payment, m, which statement best compares the plans?

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@Skielerlucas04

ok, so plan B cost 600 and plan A cost 720 correct?

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