Mathematics, 06.05.2020 03:02 EVOLVEDTANK40

Ed wants to borrow $20,000 from a bank to open a small gym. Three banks charge different interest rates. To help decide the best loan option, Ed wants to know the percent profit he will make each month.

Part A
The cost to run the gym each month is $5,000. Find Ed’s total monthly expenses for each loan option.

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Ed wants to borrow $20,000 from a bank to open a small gym. Three banks charge different interest ra...