Keith Wendell plans to borrow $5,810.
He has decided on a term of 95 days at 8% interest.
He has a choice of two lenders.
One calculates interest using a 360-day year and the other uses a 365-day year.
Find the amount of interest Wendell will save by using the lender with the 365-day year.
$1.54
$1.67
$1.63
$1.68