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