7. A couple needs to get a loan of $5,000 and has to choose between three options.
• Option A:...
Mathematics, 01.04.2020 02:30 melodeelathrom
7. A couple needs to get a loan of $5,000 and has to choose between three options.
• Option A: 2 and one fourth percent compounded quarterly
• Option B: 3% compounded every 4 months
•Option C: 4 and one third percent
Compounded semi-annually
If they make no payments for 5 years, which option will give them the least amount owed after 5 years?
Answers: 1
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