Skylar takes out a loan of £720. The loan gathers

  1. Skylar takes out a loan of £720. The loan gathers compound interest of 4% per month. How much does she owe after 2 years?
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  2. Maisie takes out a loan of £840. The loan gathers compound interest at a rate of 4% per month.How much money will Maisie owe
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  3. Xavier takes out a loan of £940 the loan gathers compound intrest of 3% per month. After 2 years how much will he owe after 2
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  4. Emma takes out a loan of £1400.It gathers simple interest at a rate of 2.5% per annum. She pays back the loan after 10 years.
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  5. What kind of loan is a federal student loan? ​​​​​​​(1 point)Responses a secured personal loan an unsecured
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  6. What kind of loan is a federal student loan?• A secured personal loan • An unsecured installment loan • An unsecured
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  7. what kind of loan is a federal student loan?- a revolving line of credit - a secured personal loan - an unsecured installment
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  8. What term best applies to a type of loan designed for personal use that is traditionally used by individuals to purchase items
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  9. Which type of loan typically has the lowest interest rates?A) Payday loan B) Personal loan C) Student loan D) Credit card
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  10. What is an example of an open-ended consumer loan?A. A line of credit B. A student loan C. A mortgage D. A personal loan E. A
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