ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You take out a loan for $12, 500. Which option will cost you less?A) Simple interest rate of 5% for 10 yearsB) Rate of 4% compounded annually for 10 years
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option A
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option B
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both are equal
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None of the above
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Explanation:
There is 1 question to complete.