Mathematics
Mathematics, 22.11.2019 19:31, SavyBreyer

Milton took out a loan for s2400 at 7% interest compounded annually the makes yearly payments of $140, will he ever pay off the loan?

a. yes, because $140 is less than the amount of interest he is
charged per year.)
b. no, because $140 is greater than the amount of interest he is
charged per year.
c. yes, because $140 is greater than the amount of interest he is
charged per year.
d. no, because $ 140 is less than the amount of interest he is
charged per year.

answer
Answers: 1

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Milton took out a loan for s2400 at 7% interest compounded annually the makes yearly payments of $14...

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