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Pedro is purchasing a new car for $21,000. Company A compounds interest continuously and offers a rate of 3.5% for 10 years. Company B also
Pedro is purchasing a new car for $21,000. Company A compounds interest continuously and offers a rate of 3.5% for 10 years. Company B also compounds interest continuously, but offers a rate of 5% for 5 years. Which company should Pedro use for the loan and why?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
