Mathematics, 07.06.2021 03:00 bensletterbox8319

In this question give all answers to two decimal places. Carlos decides to take out a loan of 20,000 Peruvian Soles (SOL) to buy a car. His bank offers two options to finance the loan. Option A: five year loan with an annual interest rate of 12.8% compounded quarterly. No deposit required.
Option B: five year loan with an annual interest rate of r% compounded monthly. Terms of the loan require a 10% deposit and monthly repayments of SOL 400.

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In this question give all answers to two decimal places. Carlos decides to take out a loan of 20,000...

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