Business, 14.01.2020 23:31 korban23

Maria is going to take out a loan with a principal of $19,700. she has narrowed down her options to two banks. bank m charges an interest rate of 7.1%, compounded monthly, and requires that the loan be paid off in five years. bank n charges an interest rate of 7.8%, compounded monthly, and requires that the loan be paid off in four years. how would you recommend that maria choose her loan?

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Maria is going to take out a loan with a principal of $19,700. she has narrowed down her options to...