A couple needs to get a loan of $5000 and has to choose between three options.
-Option A: Comp...
Mathematics, 22.05.2021 06:20 biancasamadp3usfw
A couple needs to get a loan of $5000 and has to choose between three options.
-Option A: Compounded quarterly
-Option B: Compounded every 4 months
-Option C: Compounded semi-annually
If they make no payments for 5 years, which option will give them the least amount owed after 5 years?
About how much will they owe for the best option?
Answers: 3
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