QUESTION 2 .
How long will it take to pay off a $60,000 loan at a monthly rate of $2,000 if interest rate is 6% per year? Round number
to integer
O a. 12
b.18
c. 30
d. 32
QUESTION 3
20 pc
Downtown Bank charges interest rate of 15% compounded monthly. Suburban Bank charges interest rate of 15.8%
compounded annually. From which bank would you borrow assuming you desire a 5-year loan?
a. Suburban Bank
b. Downtown Bank
c. I am indifferent both cost the same
QUESTION A

50x5=$250

step-by-step explanation:

in the attachment.   i didn't see your choices.   the word which means there is choices.

step-by-step explanation:

(x,y)

x tells you how much left or right you go from the origin

y tells you how much down or up you go from the origin

so for example (-3,2), you go left 3 and up twice. i denoted which of the ordered pairs is which in my graph.

take the logarithm of both sides (the base of the log doesn't matter):

apply the exponent property - this says that :

distribute the log terms on both sides:

group like terms together:

divide through both sides by the coefficient on :

you can do some additional rewriting here using the properties of the logarithm to simplify things if you like: