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3. Which payment amount and time period will result in the lowest total loan repayment for a $2,500 loan? A 24 payments of $122.65 B 12 payments of $226.24 C 9 payments of $296.62 D 18 payments of $157.
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5 votes
3. Which payment amount and time period will result in

the lowest total loan repayment for a $2,500 loan?
A 24 payments of $122.65
B 12 payments of $226.24
C 9 payments of $296.62
D 18 payments of $157.14

User Foogry
by
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1 Answer

4 votes
Answer is c 9 payment of 296.62
User Diogo Rodrigues
by
7.7k points
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