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Mathematics, 07.03.2021 09:10 katelyn0402

You are trying to decide how an when to take your next cruise. You could invest 200 a month for four years in a Money market that is earning 4% or you could go now, taking out a loan for 10,000 at 11% and paying it off over the next four years. If inflation runs at 2% for the next four years, what is the true difference in cost between the two options?

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You are trying to decide how an when to take your next cruise. You could invest 200 a month for four...

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