MI) A discussion of your findings and the bank you have chosen to open your savings account Write at least a 100-word report on this investigation and justify your choice of the bank. Question 3 Bill plans to start a fitness centre near his house. He wants to take up a personal loan of $55 000 to help him with setting up the business and other initial costs. He intends to repay the loan in 5 years. 1) Bill gathers interest rate information from the 3 banks to help him decide from which one he is going to borrow the money. He summarises the results in a table. ii) He then uses the annuity formula to check his a) monthly repayment and b) total repayment 1 WC FW: Welt Savings Bank ACE Savings xaying e . commbank.com.au personal loansfixed-rate-loan.html?cb-pe-fixed-def2 Features & benefits Rates & fees How to apply Tools & calculators Apply in NetBank in NetBank and the CommBank app. Rates & fees Rates Rate type Interest rate Flued rate Range: 11.50% pa to 18.50% pa Representative rate: 13.50% pa. Comparison rate Range: 12.38% pa to 1934% pa. Representative rate: 1437% pa Things you should know At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive Your interest rate wil be based on a number of factors, including the information you provide and our assessment nab.com.au We're here for you. We're experiencing high call volumes and longer than usual wait times. For support, visit: COVID-19 help nab more than money Login details you give us on the application form information from your credit history report and if you're already a NAB customer, details we already have about you. Our interest rates: Headline rate Comparison rate 13.56% p.a.? Variable headline rate 12.69% p.a. Fixed headline rate 12.69% 13.56% p.a.? p.a. 7:31 westpac.com.au = Q rate? Our personal loan rates are competitive and come with flexible options to help you achieve your dreams. Annual rate Comparison rate Rate Type Loan Car Loan 8.68% p.a. Fixed 7.49% p.a. N/A Variable Westpac Flexi Loan 16.49% p.a. 11.99% 13.15% p.a. Fixed Unsecured Personal Loan p.a. MI) A discussion of your findings and the bank you have chosen to open your savings account Write at least a 100-word report on this investigation and justify your choice of the bank. Question 3 Bill plans to start a fitness centre near his house. He wants to take up a personal loan of $55 000 to help him with setting up the business and other initial costs. He intends to repay the loan in 5 years. 1) Bill gathers interest rate information from the 3 banks to help him decide from which one he is going to borrow the money. He summarises the results in a table. ii) He then uses the annuity formula to check his a) monthly repayment and b) total repayment 1 WC FW: Welt Savings Bank ACE Savings xaying e . commbank.com.au personal loansfixed-rate-loan.html?cb-pe-fixed-def2 Features & benefits Rates & fees How to apply Tools & calculators Apply in NetBank in NetBank and the CommBank app. Rates & fees Rates Rate type Interest rate Flued rate Range: 11.50% pa to 18.50% pa Representative rate: 13.50% pa. Comparison rate Range: 12.38% pa to 1934% pa. Representative rate: 1437% pa Things you should know At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive Your interest rate wil be based on a number of factors, including the information you provide and our assessment nab.com.au We're here for you. We're experiencing high call volumes and longer than usual wait times. For support, visit: COVID-19 help nab more than money Login details you give us on the application form information from your credit history report and if you're already a NAB customer, details we already have about you. Our interest rates: Headline rate Comparison rate 13.56% p.a.? Variable headline rate 12.69% p.a. Fixed headline rate 12.69% 13.56% p.a.? p.a. 7:31 westpac.com.au = Q rate? Our personal loan rates are competitive and come with flexible options to help you achieve your dreams. Annual rate Comparison rate Rate Type Loan Car Loan 8.68% p.a. Fixed 7.49% p.a. N/A Variable Westpac Flexi Loan 16.49% p.a. 11.99% 13.15% p.a. Fixed Unsecured Personal Loan p.a