Mathematics, 29.04.2021 21:40 yenielrivera30
Antoinette Applied for a $6000 loan, which she will start paying back after the interest has accumulated. She had a initial offer for a simple annual interest rate of 6% for three years, but decided to consider other options. Which of the following options of all the crease the interest she pays the most?
F. $5500 loan, simple interest, annual rate of 6%, term of three years
G. $6000 loan, simple interest, annual rate of 5.75%, term of three years
H. $6000 loan, simple interest, annual rate of 6%, term of 2.8 years
J. $5500 loan, compound interest, annual rate of 6%, term of three years
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Antoinette Applied for a $6000 loan, which she will start paying back after the interest has accumul...
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