Mathematics

28 April, 06:48

Cara took out a loan for a new car of $24,000. She wants to know which financing option she should take: 1. 3% simple interest for 12 years 2. 4% simple interest for 8 years 3. 3.5% compound interest for 6 years Question 3 options:Option 1 Option 2 Option 3 They are all equal

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