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(i) Calculate the amount of loan payments of Bank A. a. $9,681.69 b. $9,700.90 c. $9,649.41 d. $9,685.14 e. None of the answers are correct
(i) Calculate the amount of loan payments of Bank A. a. $9,681.69 b. $9,700.90 c. $9,649.41 d. $9,685.14 e. None of the answers are correct Enter Response Here (ii) Calculate the amount of loan payments of Bank B. a. $9,710.16 b. $9,805.98 c. $9,798.91 d. $9,897.95 e. None of the answers are correct Enter Response Here (iii) Calculate the book value of the loan at Bank A. a. $855,808.62 b. $856,047.22 c. $856,505.26 d. $856,995.90 e. None of the answers are correct (iv) Calculate the book value of the loan at Bank B. a. $865,712.04 b. $865,107.01 c. $864,900.03 d. $865,052.32 e. None of the answers are correct Enter Response Here iv) Calculate the APR of Bank A. a. 13.3382% b. 13.7978% c. 14.1930% d. 14.1686% e. None of the answers are correct Enter Response Here (vi) Calculate the APR of Bank B. a. 14.4910% b. 13.8580% c. 14.0228% d. 14.8783% e. None of the answers are correct Enter Response Here (vii) Which bank would you choose? a. A b. B Enter Response Here: (i) Calculate the amount of loan payments of Bank A. a. $9,681.69 b. $9,700.90 c. $9,649.41 d. $9,685.14 e. None of the answers are correct Enter Response Here (ii) Calculate the amount of loan payments of Bank B. a. $9,710.16 b. $9,805.98 c. $9,798.91 d. $9,897.95 e. None of the answers are correct Enter Response Here (iii) Calculate the book value of the loan at Bank A. a. $855,808.62 b. $856,047.22 c. $856,505.26 d. $856,995.90 e. None of the answers are correct (iv) Calculate the book value of the loan at Bank B. a. $865,712.04 b. $865,107.01 c. $864,900.03 d. $865,052.32 e. None of the answers are correct Enter Response Here iv) Calculate the APR of Bank A. a. 13.3382% b. 13.7978% c. 14.1930% d. 14.1686% e. None of the answers are correct Enter Response Here (vi) Calculate the APR of Bank B. a. 14.4910% b. 13.8580% c. 14.0228% d. 14.8783% e. None of the answers are correct Enter Response Here (vii) Which bank would you choose? a. A b. B Enter Response Here
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