ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
You take out a loan for $175, 000. Which option will cost you less?A) Simple Interest rate of 4.17% over 15 yearsB) Compound Interest rate of 3.5% over 15 years
|
|
Option A
|
|
|
Option B
|
|
|
they are both equal
|
|
|
None of the above
|
Explanation:
There is 1 question to complete.