I need help with a math question problem

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Journal 4- Long Term Debt

Look at the long term debt below. Then choose the best plan for repayment of that debt. Explain why this decision is the best one for you. Use vocabulary terms from the lessons in week 4.

Education Loan:
Bank Options $ % Interest Total Length of Loan Monthly Payments
Bank 1 $10,000 6% 5 years =
60 months
Bank 2 $10,000 12% 10 years = 120 months
I can't help you with this because I don't know the vocabulary covered in this lesson and I certainly don't know which repayment plan is best for you.
Are you ok Ms Sue?
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