Whitney and John each take out a $24,000 loan for a new condo. Each has to repay the loan in 6 years. Whitney will pay an interest rate of 3.3% per year. Her monthly payments will be $344. Because John has a lower credit score, he will have to pay an interest rate of 4.2% per year. His monthly payments will be $349. How much more will a $24,000 loan cost John than Whitney?
