You want to borrow $7,500 to buy a used boat. first century bank will lend you the money at 15 percent
for 12 months. fidelity savings and loan will lend you the money at 10 percent for 24 months.

FCB is a better deal because you have to pay less interest overall. ($1125 compared to $1575)

Step-by-step explanation:

Use this formula to solve. FV = PV(1+i)^n

FV = Future Value

PV = Present Value

i = interest in decimal form

n = number of years

FCB: FV=7500(1.15)^1 = 8625

FSL: FV=7500(1.1)^2 = 9075

it's both, now can you answer my most recent question?

f . i can go whenever i feel like it bc it is confidential meaning only i would know how much i deposited besides the bank and they wouldnt care bc when you make a deposit you are using their services which means they are using there competition and gaining more customers

and if they dont well then thats less customers for them in a less profitable way

plz mark brainliest