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INT)x(1-0) No. of shares Option 2 Question 38 A borrower took out a $100,000 loan over 20 years and was charged an annual interest rate

INT)x(1-0) No. of shares Option 2 Question 38 A borrower took out a $100,000 loan over 20 years and was charged an annual interest rate of 5.2% Monthly lane repayments were calculated to be $5.200.03 Identify the type of interest used in this calculation and discuss how the error was created Edit View Insert Format Tools Table 12pt Paragraph 2 . OND

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