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Mathematics, 01.04.2020 19:57 noor66

Logan is taking out a loan to buy a $5,000 ring for his girlfriend. He has the two finance options listed below. Which option should he choose?
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Option A: A five year loan with a 7% interest rate compounded quarterly
Option B: An eight year loan with 5.5% interest rate compounded annually.
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Explain your answer why you chose A or B

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Logan is taking out a loan to buy a $5,000 ring for his girlfriend. He has the two finance options l...
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