Mathematics, 18.01.2022 14:00 lexie2751
Javier took out a loan for $2700 at 12% interest, compounded annually. If he
makes yearly payments of $320, will he ever pay off the loan?
A. Yes, because $320 is greater than the amount of interest he is
charged per year
O B. Yes, because $320 is less than the amount of interest he is
charged per year
C. No, because $320 is greater than the amount of interest he is
charged per year
D. No, because $320 is less than the amount of interest he is
charged per year
Answers: 2
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Javier took out a loan for $2700 at 12% interest, compounded annually. If he
makes yearly payments...
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