BRAINLIEST IF CORRECT ANSWER Consider the following two loans for P=$5,000.
Loan A: 2.5 year loan, annual interest rate of 12%.
Loan B: 5 year loan, annual interest rate of 6%.
Both loans are paid monthly, and their interest is compounded monthly. Calculate the absolute difference between the total interest paid on both loans.
Round your answer to the nearest cent.
Do NOT round until you calculate the final answer.

Step-by-step explanation:

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in mathematics, a function is a relationship between two variables such that the value of one of the variables, called the dependent variable, is determined by the value of the other variable, called the independent variable. there is a specific term we use to describe the set of independent variables of a function.

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x