Mathematics, 25.10.2019 03:43 kortlen4808
Phil borrows $4000, which he intends to repay fully in a lump sum after 2 years. the annual interest
rate and compounding period for five different compound interest loans are given below
β’ loan 1 β 11.5% per annum, compounding weekly
β’ loan 2 β 13.2% per annum, compounding weekly
β’ loan 3 β 11% per annum, compounding weekly
β’ loan 4 β 12.6% per annum, compounding quarterly
β’ loan 5 β 11% per annum, compounding monthly
when fully repaid, the loan that will cost phil the least amount of money is
a. loan 1
b. loan 2
c. loan 3
d. loan 4
e. loan 5
for this question the answer is e. i'm trying to find the solution for that answer
Answers: 1
Another question on Mathematics
Mathematics, 21.06.2019 18:30
Abouncy ball is released from a certain height. on the first bounce, it travels 32cm. with each subsequent bounce, it travels 9/10 the distance of the previous bounce. what is the total distance that the ball has traveled when it completes its 25th bounce?
Answers: 1
Mathematics, 21.06.2019 18:30
The u-drive rent-a-truck company plans to spend $13 million on 320 new vehicles. each commercial van will cost $25 comma 000, each small truck $50 comma 000, and each large truckββ$80 comma 000. past experience shows that they need twice as many vans as small trucks. how many of each type of vehicle can they buy?
Answers: 1
Mathematics, 21.06.2019 20:00
Me! i really need to get this right before 9. prove the divisibility of 7^6+7^5-7^4 by 11. use factoring so you get a number times 11. just tell me the number. i need this done asap
Answers: 1
Mathematics, 21.06.2019 23:40
If f(x) = -5x + 1 and g(x) = x3, what is (gΒΊf)(0)? enter the correct answer
Answers: 1
You know the right answer?
Phil borrows $4000, which he intends to repay fully in a lump sum after 2 years. the annual interest...
Questions
Mathematics, 12.08.2020 05:01
Mathematics, 12.08.2020 05:01
Mathematics, 12.08.2020 05:01
Mathematics, 12.08.2020 05:01
