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You wish to take out an interest only loan for $100,000 for one year and have the following question: Bank A : 2.75% per quater
You wish to take out an interest only loan for $100,000 for one year and have the following question:
an Panic A: month 3. You wish to take out an interest only bean for $160,000 jou one year, and have received the fallining question. 2.75% per quater. Bank B: 09% per Bank c: 4.0% per annum compounded semi-ann -. what would be the annual interest charges for each banto on your $100, on loan? Which bank gould chouse (AED) Bank A : 2.75% per quater
Bank B: 0.9% per month
Bank C : 11.00% per annum compounded semi annualt
What would be the annual interest charges for each bank on your $100,000 loan ? Which bank would you choose(AER)?
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