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Science-Related Homework Help Mathematics Topic started by: javielito2000 on May 29, 2023



Title: You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 ...
Post by: javielito2000 on May 29, 2023
You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 years. For the first 1.5 years, the interest rate on the loan was 4.8% compounded monthly. Then the rate became 3.5% compounded semiannually. What total amount was required to pay off the loan if no payments were made?

▸ $12,718.69

▸ $11,918.69

▸ $11,718.69

▸ $11,781.69

▸ $10,718.69


Title: Re: You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 ...
Post by: aedukuye on May 29, 2023
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