1- You took a bank loan of 2,000 S, at a simple interest rate of 0.25%...

 

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1- You took a bank loan of 2,000 S, at a simple interest rate of 0.25% per year. a) What is the interest amount owed annually? b) What is the interest amount owed over a 2 year period? c) What is the total amount owed after 7 years? (Use Factor Formula) 2- Now, you invested the 2,000 S, at a compound interest rate of 1% annually. What is the total amount paid after 15 years? (Use Table Value) 1- You took a bank loan of 2,000 S, at a simple interest rate of 0.25% per year. a) What is the interest amount owed annually? b) What is the interest amount owed over a 2 year period? c) What is the total amount owed after 7 years? (Use Factor Formula) 2- Now, you invested the 2,000 S, at a compound interest rate of 1% annually. What is the total amount paid after 15 years? (Use Table Value)

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19 20210930 1601 000 ne 0257 pa 1 1 ... View the full answer