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Business, 23.09.2019 22:20 ramireznoem1031

Another bank is also offering favorable terms, so van decides to take a loan of $23,000 from this bank. he signs the loan contract at 13.00% compounded daily for four months. based on a 365-day year, what is the total amount that van owes the bank at the end of the loan’s term? (hint: to calculate the number of days, divide the number of months by 12 and multiply by 365.) $24,017.91 $24,858.54 $24,978.63 $25,458.98

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