Business, 02.12.2020 02:40 nataliemoore1974

Select the correct answer. Mary is planning to buy a mobile phone that costs $500. She can choose any of five different payment plans with varying simple interest rates and periods:

plan 1: 6% for 10 months
plan 2: 8% for 12 months
plan 3: 10% for 14 months
plan 4: 12% for 18 months
plan 5: 14% for 12 months

Which plan offers the lowest monthly payments?

A.
plan 1
B.
plan 2
C.
plan 3
D.
plan 4
E.
plan 5

Answers: 2

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Select the correct answer. Mary is planning to buy a mobile phone that costs $500. She can choose a...

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