Question
X must borrow $2000 for 2 years. He is offered the money at:
(A) 5% compounded quarterly
(B) 5 3/8 % compounded annually
(C) 5 1/2 % simple interest
Which offer should he accept?
(A) 5% compounded quarterly
(B) 5 3/8 % compounded annually
(C) 5 1/2 % simple interest
Which offer should he accept?
Answers
see your previous post
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