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jordantapia13 jordantapia13
  • 21-03-2017
  • Mathematics
Answered

peter wants to borrow $3000. he has two payment plans to choose from. plan a is 4% interest over 6 years. plan b is 5% interest over 4 years.

Verified Answer :

shelbywise99
shelbywise99 shelbywise99
  • 21-03-2017

Plan A: 3000*1.04^6= $3795.96

Plan B: 3000*1.05^4=$3646.52

Plan A is a better.

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