Mathematics, 08.08.2019 02:30 angelinaranee15
Differnt finacial institutions, a, b, c are offering different rates on loans if a offers 3.15% annual interst compounded monthly b offers 2.25%compounded quarterly c offers 2.05% compounded daily. dertermine which insitiution offers best deals
Answers: 1
![\left [ 1+\frac{r}{n}\right ]^{nt}](/tpl/images/0173/0609/63a5e.png)
![\left [ 1+\frac{0.0315}{12}\right ]^{12t}](/tpl/images/0173/0609/d0ed8.png)
![\left [ 1+\frac{r}{n}\right ]^{nt}](/tpl/images/0173/0609/9e7fa.png)
![\left [ 1+\frac{0.025}{4}\right ]^{4t}](/tpl/images/0173/0609/82495.png)
![\left [ 1+\frac{0.0205}{365}\right ]^{365t}](/tpl/images/0173/0609/a94bd.png)
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Differnt finacial institutions, a, b, c are offering different rates on loans if a offers 3.15% annu...
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