Mathematics, 10.06.2021 08:50 glander2

A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, $38,250.
the loan payments they had made to the bank amounted to
The interest rate on the
loan, compounded continuously, is
would have paid approximately $
* more.
If they had taken an
8-year loan Instead of a 5-year loan, they

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A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, $38,250.
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