Mathematics, 23.04.2020 21:56, keke9638

QUESTION 2 .
How long will it take to pay off a $60,000 loan at a monthly rate of $2,000 if interest rate is 6% per year? Round number
to integer
O a. 12
b.18
c. 30
d. 32
QUESTION 3
20 pc
Downtown Bank charges interest rate of 15% compounded monthly. Suburban Bank charges interest rate of 15.8%
compounded annually. From which bank would you borrow assuming you desire a 5-year loan?
a. Suburban Bank
b. Downtown Bank
c. I am indifferent both cost the same
QUESTION A

Answers: 3

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QUESTION 2 .
How long will it take to pay off a $60,000 loan at a monthly rate of $2,000 if in...