Mathematics, 29.01.2022 03:20, broyochey1
Yohana borrowed $18 000 for her university expenses. She plans to pay back the amount owed after 7 years. Which plan should she choose? How much money will she save with the better plan?
Plan A: 3.9% per year, compounded quarterly
Plan B: 4.2 % per year, compounded monthly
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Answers: 2
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Yohana borrowed $18 000 for her university expenses. She plans to pay back the amount owed after 7 y...
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