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To convert % to decimals you move the decimal over 2 places to the left.

amount of apr x amount of money = yearly apr

Therefore:

.0387 x $84,000 x 30 = $ 97,524

.0587 x $84,000 x 30 = $ 147,924

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Q: What is the savings on 3.87 percent apr and 5.87 percent apr on 84000 over 30 years?
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