6. Using the Loan Calculator and the $$ 7.2 \% $$ APR offer, how much will Molly's monthly payment be? 7. How much total interest will Molly pay using this plan? 8. How much will Molly pay in total if she decides to take the $$ 7.2 \% $$ offer? 9. How much MORE will Molly pay in total if she decides to take the $$ 7.2 \% $$ offer instead of the $$ 5.5 \% $$ offer?

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To calculate Molly's monthly payment, total interest, and total payment for a $$ 7.2\% $$ APR offer, use the formula $$ M = P \frac{r(1 + r)^n}{(1 + r)^n - 1} $$ for monthly payment, $$ 	ext{Total Interest} = (M 	imes n) - P $$ for total interest, and $$ 	ext{Total Payment} = M 	imes n $$ for total payment. To find the difference in total payments between $$ 7.2\% $$ and $$ 5.5\% $$ offers, use $$ 	ext{Difference} = 	ext{Total Payment at } 7.2\% - 	ext{Total Payment at } 5.5\% $$.

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