Lamar is considering two loans. Loan A Loan B Principal $4,500 $4,300 Interest rate 5% 6% Time in years 3 3 Which loan will have the lowest total payback? Loan A will have the lowest total payback because the amount of interest paid is less. Loan A will have the lowest total payback because the total of the principal and the interest paid for loan A is less than the same total for loan
b. Loan B will have the lowest total payback because the interest is less than the interest for loan A Loan B will have the lowest total payback because the total of the principal and the interest paid for loan B is less than the same total for loan
a.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Lamar is considering two loans. Loan A Loan B Principal $4,500 $4,300 Interest rate 5% 6% Time in years 3 3 Which loan will have the lowest ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Mathematics » Lamar is considering two loans. Loan A Loan B Principal $4,500 $4,300 Interest rate 5% 6% Time in years 3 3 Which loan will have the lowest total payback? Loan A will have the lowest total payback because the amount of interest paid is less.