Business
Business, 29.12.2021 21:20, jeffrieskids13

You are considering taking out one of two loans. Loan R has a principal of $17,550, an interest rate of 5. 32% (compounded monthly), and a duration of seven years. Loan S has a principal of $15,925, an interest rate of 6. 07% (compounded monthly), and a duration of nine years. Assuming that you pay back each in monthly intervals, which loan will have a greater lifetime total, and how much greater will it be? Round all dollar values to the nearest cent. A. Loan S’s lifetime total will be $1,274. 12 greater than Loan R’s. B. Loan S’s lifetime total will be $32. 99 greater than Loan R’s. C. Loan R’s lifetime total will be $350. 88 greater than Loan S’s. D. Loan R’s lifetime total will be $58. 96 greater than Loan S’s.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 05:00, july00
Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.
Answers: 3
image
Business, 22.06.2019 20:00, enriqueliz1680
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
image
Business, 23.06.2019 00:00, shiba8667
How did the change in textile production affect employment in spinning and weaving for adults and children?
Answers: 1
image
Business, 23.06.2019 01:00, itsmichaelhere1
"consists of larger societal forces that affect how a company engages and serves its customers."
Answers: 1
Do you know the correct answer?
You are considering taking out one of two loans. Loan R has a principal of $17,550, an interest rate...

Questions in other subjects:

Konu
Mathematics, 29.06.2019 01:00