Mathematics, 08.10.2019 00:00 Nalolivares

Option 1: $4000 at 3% interest for 6 years
option 2: $4000 at 8% interest for 5 years
option 3: $4000 at 4% interest for 4 years
option 4: $4000 at 8% interest for 3 years

which is the best option where you would pay back the loan with the least expenditure?

Answers: 3

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Option 1: $4000 at 3% interest for 6 years
option 2: $4000 at 8% interest for 5 years
...