leosoyo123 leosoyo123

25-09-2020
Mathematics

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You take out a loan for $175,000. Which option will cost you less?
A) Simple Interest rate of 4.17% over 15 years
B) Compound Interest rate of 3.5% over 15 years
Is it option a or b or both

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yasminperez yasminperez

26-09-2020

A is the answer because it’s a better one I think

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