Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Mr. Ye is considering two different loan
options for $12,000 to fund a home
improvement project. Option 1 is to borrow
this money for 4 years at 4.25% annual
simple interest. Option 2 is to borrow the
money for 5 years at 3.4% annual simple
interest. If no payments are made until the
end of the loan period, which statement is
true regarding this situation?
A The loan amount plus interest owed at
the end of the loan period is greater for
Option 1 than for Option 2.
B The loan amount plus interest owed at
the end of the loan period for Option 1
is equal to that of Option 2.
C The loan amount plus interest owed at
the end of the loan period is less for
Option 1 than for Option 2.
D The length of time money is borrowed
has no affect on the total cost of a loan
since it is the interest rate alone that
determines the total loan cost.

Sagot :

Answer:

  1. c is correct because jd h.c d dbjf f d dhhdjrhr dbjejebebebdudi7dhebdbdbvd d d fb
  2. gdue ebebjdjd r. rhejeieihrvr rbduhre
  3. jebjej ehdu
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.