Angel wants to take out a loan of $9,000 with interest that
compounds monthly. Use the formula...
Mathematics, 22.04.2020 11:07 nancylagunas805
Angel wants to take out a loan of $9,000 with interest that
compounds monthly. Use the formula A = P(1 + nt to find
which of these loan terms will have the lowest total cost.
A) 2 years at 7% interest
B) 3 years at 6% interest
C) 4 years at 5% interest
D) 5 years at 4% interest
Answers: 3
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