You borrow $2,000 from gougo’s, a well-known loan consolidation outfit. the loan is an "unbelievably low" 2.5% per month compounded monthly. you have 2 years to pay back the loan. a. what is the nominal interest rate? b. what is the effective interest rate? c. if you wait until the end of year 2 to pay it off in one lump sum, how much must you pay? use the "period interest rate" approach. d. if you wait until the end of year 2 to pay it off in one lump sum, how much must you pay? use the "effective interest rate" approach. e. of your payment in parts (c) or (d), how much is interest? f. suppose you make equal end-of-month payments. how much is the monthly amount?

C. piggy bankbecause everything has interest rates over a period of time whereas a personal keeping of money has no other interaction therefore no interest rates.

It would be choice b (randomly selected)

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?