Question 6 In terms of APR, which of the following loans would cost you the most to borrow? Principal Interest Borrowing Loan Amount Amount Period $2,000 $1,600 $850 A $37 113 days B $67 37 weeks 5 months 7 months 3/4 of a year 1 year C $21 $2,800 $495 D $97 $22 F $5,100 $302 G $3,800 $452 2 years Select one: а. А b. B C. C d. D e. E f. F g. G h. I'll take 2 Points
Question 6 In terms of APR, which of the following loans would cost you the most to borrow? Principal Interest Borrowing Loan Amount Amount Period $2,000 $1,600 $850 A $37 113 days B $67 37 weeks 5 months 7 months 3/4 of a year 1 year C $21 $2,800 $495 D $97 $22 F $5,100 $302 G $3,800 $452 2 years Select one: а. А b. B C. C d. D e. E f. F g. G h. I'll take 2 Points
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Question 6
In terms of APR, which of the following loans would cost you the most to borrow?
Principal Interest Borrowing
Period
113 days
Loan
Amount
Amount
$2,000
$1,600
$850
$37
B
$67
37 weeks
5 months
7 months
3/4 of a year
1 year
$21
$97
$2,800
$495
D
E
$22
$5,100
$302
$3,800
$452
2 years
Select one:
a. A
b. В
с. С
d. D
e. E
f. F
g. G
h. I'll take 2 Points
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