Judy needs to take out a personal loan for $2,500 for tuition assistance. her bank has offered her one of the four loan packages outlined in the chart below. determine which of the four loans will be cheapest for judy in the long run. all interest rates are compounded monthly.

Step-by-step explanation:

The different loan plans are showed in the image attached.

Loan A: 12 months of duration with 9.50%.

Loan B: 24 months of duration with 8.75%.

Loan C: 36 months of duration with 7.75%.

Loan D: 48 months of duration with 6.60%.

Now, all loans are compouneded monthly. Let's the compound interest formula

Loan A:

Loan B:

Loan C:

Loan D:

Now, if you compare, you will observe that Loan A offer the cheapest result for Judy.

Therefore, Judy should use the Loan A plan.

answer: it actually depends on which is the independent variable and which is the dependent variable. let us say we're looking at a linear equation. y=2x+3. we theoretically could switch the equation to be x=(y-3)/2 and it would be the same line. so either a causes b or it can be that b causes a. so technically the answer is false

step-by-step explanation:

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