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Mathematics, 05.03.2022 08:00 jessica94866

Your parents could have taken out a loan for the ski trip in Exercise 3.

a. The simple interest rate is 6% and the time for the loan is 2

years. What would have been the total amount paid for the $3000 ski

trip?

b. What would be the monthly payment, if there were equal

monthly payments?

c. Which loan option costs less, the credit card or the loan. Please help!!! Due soonnn

ansver
Answers: 1

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Your parents could have taken out a loan for the ski trip in Exercise 3.

a. The simpl...
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