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Option 1: $4000 at 3% interest for 6 years Option 2: $4000 at 8% interest for 5 years Option 3: $4000 at 4% interest for 4 years Option 4: $4000 at 8% interest for 3 years Which…

Option 1: $4000 at 3% interest for 6 years Option 2: $4000 at 8% interest for 5 years Option 3: $4000 at 4% interest for 4 years Option 4: $4000 at 8% interest for 3 years Which…
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Option 1: $4000 at 3% interest for 6 years

Option 2: $4000 at 8% interest for 5 years
Option 3: $4000 at 4% interest for 4 years
Option 4: $4000 at 8% interest for 3 years

Which is the best option where you would pay back the loan with the least expenditure?

User Bsdfish
by
8.2k points

1 Answer

1 vote

Answer:

The man right there is wrong. It is Option 3 .......

........

Explanation:

User Tray
by
8.2k points
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