Business, 14.01.2022 14:00, lizzyhearts

Kay has decided to take out a $23,100 loan, and she wants to pay it back in quarterly installments. She has narrowed her options down to two banks. Bank V offers a six-year loan with an interest rate of 4. 6%, compounded quarterly, and has a service charge of $822. 45. Bank W offers an eight-year loan with an interest rate of 3. 9%, compounded quarterly, and a service charge of $722. 25. Which loan will have the greater total finance charge, and how much greater will it be? Round all dollar values to the nearest cent. A. Loan W's finance charge will be $335. 96 greater than Loan V's. B. Loan W's finance charge will be $436. 16 greater than Loan V's. C. Loan V's finance charge will be $263. 10 greater than Loan W's. D. Loan V's finance charge will be $100. 20 greater than Loan W's.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 13:00, brandonholden

There are a number of things that you can do to protect yourself from falls in the workplace these include using fall protection equipment and using ladder safety what else can you do

Answers: 1

continue

Business, 22.06.2019 12:00, bbyniah123

Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog

Answers: 2

continue

Business, 22.06.2019 12:40, gldven7636

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Answers: 3

continue

Business, 22.06.2019 14:40, ZoomZoom44

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Answers: 2

continue

Do you know the correct answer?

Kay has decided to take out a $23,100 loan, and she wants to pay it back in quarterly installments....