Chris and john are buying the same car, a 2014 nissan maxima. chris is financially responsible, has a great credit score, a 3% interest rate, and $4,000 down payment. john has had financial struggles and is approved with a 12% interest rate if he pays $5000 down payment. how much more will john pay for the car if it costs $22,500? they will both finance for 5 years.

consider the scenario above. answer the questions. show your work and explain your process. in your explanation be sure to explain why “it costs more to be poor”.