Mathematics, 24.04.2020 22:42 jessicamcgoldri5625

Lance is taking out a loan to buy a $4,000 ring for his girlfriend. He has chosen an 8 year loan with a 5% interest rate compounded
quarterly. How much will he have paid over the course of the loan?
$5.909.82
$5,952.52
$5.295.78
$4,836.28

Answers: 2

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More questions: Mathematics Another questions

Lance is taking out a loan to buy a $4,000 ring for his girlfriend. He has chosen an 8 year loan with a 5% interest rate compounded quarterly. How much will he have paid over the course of the loan? $5.909.82 $5,952.52 $5.295.78 $4,836.28

Answers

Another question on Mathematics

Lance is taking out a loan to buy a $4,000 ring for his girlfriend. He has chosen an 8 year loan with a 5% interest rate compounded
quarterly. How much will he have paid over the course of the loan?
$5.909.82
$5,952.52
$5.295.78
$4,836.28