Question: Please answer this question ASAP. & provide the correct function to use. In Chapter 10 we learned about using functions to determine the cumulative interest
Please answer this question ASAP. & provide the correct function to use.
In Chapter 10 we learned about using functions to determine the cumulative interest and cumulative principal. Evaluate the 3 different loan terms below (paid annually) and show the cumulative interest and cumulative principal for each from year 3 to year 7. You do not have to make a decision, just show your answers. (5 points) Loan Duration annual Cumulative prinicpal Cumulative interest Amount in years (years 3-7) (years 3-7) $650,000 4.25% $775,000 10 5.75% $825,000 6.25% rate 7 15
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