Mathematics, 18.11.2019 23:31 Johnson926
Jay field’s bank granted him a single-payment loan of $6,800. he wanted to compare repaying the loan in 91 days at an ordinary interest rate of 4.25% to repaying the loan in 91 days at an exact interest rate of 4.23%. which interest rate is a better deal for jay? how much does he save?
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Jay field’s bank granted him a single-payment loan of $6,800. he wanted to compare repaying the loan...
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