![Braxton12](/avatars/7186.jpg)
Braxton12
25.10.2019 •
Mathematics
Phil borrows $4000, which he intends to repay fully in a lump sum after 2 years. the annual interest
rate and compounding period for five different compound interest loans are given below
• loan 1 – 11.5% per annum, compounding weekly
• loan 2 – 13.2% per annum, compounding weekly
• loan 3 – 11% per annum, compounding weekly
• loan 4 – 12.6% per annum, compounding quarterly
• loan 5 – 11% per annum, compounding monthly
when fully repaid, the loan that will cost phil the least amount of money is
a. loan 1
b. loan 2
c. loan 3
d. loan 4
e. loan 5
for this question the answer is e. i'm trying to find the solution for that answer
Solved
Show answers
More tips
- F Family and Home Why Does God Punish Us Constantly and How Can We Fix It?...
- H Health and Medicine Relieving Swelling in Legs: Causes and Ways to Alleviate the Symptom...
- S Style and Beauty How to Get Rid of a Bruise: Tips and Tricks...
- F Food and Cooking Лечо: вкусное и простое блюдо для любой кухни...
Answers on questions: Mathematics
- M Mathematics Kendra bought a gallon of milk and StartFraction 5 over 6 EndFraction of a pound of oranges. If the gallon of milk cost $3.60 and she spent a total of $4.35, which...
- M Mathematics Use , , or = to solve the inequality ? 7.5 7.05...
- M Mathematics Abank teller has 7 rolls of coins. each roll has 40 coins. how many does the bank teller have?...
- M Mathematics Which measure is less than 435 inches a 37ft b 36ft 10 in c 12yd 3in d 12ft 3in...
- M Mathematics Which set of numbers best describes the markings on a standard ruler...
- M Mathematics Which expressions can be added to find the volume of the solid figure? select all that apply!...
- M Mathematics Find the value of the matrices a) 17 b) 12 c) 15 d) 13...
- M Mathematics What is the formula for the quadratic formula?...
- M Mathematics 3. suppose a population is carrying a condition controlled by two alleles: a (dominant) and a (recessive). only homozygous individuals that have two copies of the...
- M Mathematics Circle two words that describe each triagle...
Ответ: