ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shawn is buying a new Jet Ski for $12, 500. He is considering two credit options. Option A offers a 6 year loan with 8.5% interest compounded quarterly, while Option B offers a 5 year loan with 10% interest compounded annually. Which is the better option and how much will he save?
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B; $573.83 do something crazy
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B; $495.21 get on the news
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A; $573.83 get attention
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A; $495.21 raise money for charity
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Explanation:
There is 1 question to complete.