Question: please answer all questions allery Which results in a lower total interest charge, borrowing $1,960 to be repaid 12 months later as a single-payment loan

please answer all questions

allery Which results in a lower total interest charge, borrowing $1,960 to be repaid 12 months later as a single-payment loan or borrowing $1,960 to be repaid as a 12-month installment loan? Assume a simple interest method of calculation at 12.5 percent interest Defend your answer. Click on the table icon to view the MILPF table ad The amount of interest on the single-payment loan is $. (Round to the nearest cent.) 8

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