Because of your outstanding credit, your bank offers you a loan that you will be paying back with interest over five years. Assuming the interest rate is the same, should you choose a loan where your interest will be compounded yearly, compounded monthly, compounded daily, or compounded continuously? Why is your choice the best one?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Because of your outstanding credit, your bank offers you a loan that you will be paying back with interest over five years. Assuming the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How many times those 4 go into 27
Answers (1)
For what value of x is sin x = cos 19º, where 0°< x < 90°?
Answers (1)
Evaluate the function f (x) = 3x-2 When X equals - 1 -9 -5 1 5
Answers (2)
What solid figure has 7 vertices?
Answers (1)
The temperature at sunrise was - 5°F. During the day, the temperature increased 12 degrees, and then decreased 3 degrees in the evening. Which expression represents the new temperature? 1.) - 5 - 12 + 3 2.) - 5 + 12 - 3 3.) - 5 - 12 - 3 4.
Answers (1)
New Questions in Mathematics
Reniel saves 30% of every payback. His paycheck last week was $560. How much did Reniel save last week?
Answers (1)
Ronald paid $162 for six tickets to a basketball game during the game he noticed that his friend paid $130 for five tickets the price of each ticket was $26 was Ronald overcharged explain
Answers (1)
A coat is selling for 3/4 of original price the sale price is $180 the original price P can be found using the equation 3/4p=180 determine the original price
Answers (1)
Write an expression with an exponent that has a value between zero and one?
Answers (1)
If someone went on a 5 kilometer hike how many meters did they walk
Answers (1)