subject
Business, 09.02.2022 04:00 patrickwilson

Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to two banks. Bank M charges an interest rate of 7. 1%, compounded monthly, and requires that the loan be paid off in five years. Bank N charges an interest rate of 7. 8%, compounded monthly, and requires that the loan be paid off in four years. How would you recommend that Maria choose her loan?.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:30
Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the united states; in france.
Answers: 1
question
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
question
Business, 23.06.2019 02:30
Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to:
Answers: 3
question
Business, 23.06.2019 02:30
Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?
Answers: 3
You know the right answer?
Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to...
Questions
question
Mathematics, 08.10.2021 09:30
question
Chemistry, 08.10.2021 09:30
question
Mathematics, 08.10.2021 09:30
Questions on the website: 13722360