PLSSS HELP!! Chelsea needs a $5,000 loan in order to remodel her bathroom. Which loan option would allow her to pay the LEAST in interest? A) A 2-year loan with a 6.50% interest rate compounded annually.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jun 25, 2022 22.6k views

3 votes

PLSSS HELP!!

Chelsea needs a $5,000 loan in order to remodel her bathroom. Which loan option would allow her to pay the LEAST in interest? A) A 2-year loan with a 6.50% interest rate compounded annually. B) A 3-year loan with a 4.00% interest rate compounded annually. C) A 4-year loan with a 3.00% interest rate compounded annually. D) A 5-year loan with a 2.50% interest rate compounded annually.

Mathematics
college

Mif asked

by Mif

7.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

B 3-year loan with a 4.00% interest rate compounded annually

Explanation:

I took the test

Jassent answered Jul 1, 2022

by Jassent

6.9k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions