Business, 15.12.2021 03:50 jose9794

Dahlia is trying to decide which bank she should use for a loan she wants to take out. In either case, the principal of the loan will be $19,450, and Dahlia will make monthly payments. Bank P offers a nine-year loan with an interest rate of 5. 8%, compounded monthly, and assesses a service charge of $925. 0. Bank Q offers a ten-year loan with an interest rate of 5. 5%, compounded monthly, and assesses a service charge of $690. 85. Which loan will have the greater total finance charge, and how much greater will it be? Round all dollar values to the nearest cent. A. Loan Qâ€™s finance charge will be $83. 73 greater than Loan Pâ€™s. B. Loan Qâ€™s finance charge will be $317. 88 greater than Loan Pâ€™s. C. Loan Pâ€™s finance charge will be $20. 51 greater than Loan Qâ€™s. D. Loan Pâ€™s finance charge will be $234. 15 greater than Loan Qâ€™s.

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Dahlia is trying to decide which bank she should use for a loan she wants to take out. In either cas...

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