Register

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.…

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.…
asked 75.1k views
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

asked
User Foogry
by
8.5k points

1 Answer

4 votes
Answer is c 9 payment of 296.62
answered
User Diogo Rodrigues
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!