Mathematics, 25.02.2021 18:50 alexis9658
Sean needs to borrow $1000 to fly to Europe in the summer. His friend Tim offers him a loan over two years, at an annual interest rate of 4%.
He can also borrow the same amount from his bank at an annual rate of 5%, but the loan needs to be paid back in 18 months. In addition, his
cousin offers to loan him the $1000, provided that Sean pay her back $1100 in two years. Which of the following statements is true?
Answers: 3
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Sean needs to borrow $1000 to fly to Europe in the summer. His friend Tim offers him a loan over two...
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