3. A. Explain the difference between Installment Loan and Mortgage Loan. B. You are offered a simple interest of 8 % on a sum of OMR 20,000 for 4 years and at a compound interest rate of 6% per annum, compounded annually. Which of the two options is benef

匿名用户 最后更新于 2021-11-29 14:46 经济Economics

3. A. Explain the difference between Installment Loan and Mortgage Loan. B. You are offered a simple interest of 8 % on a sum of OMR 20,000 for 4 years and at a compound interest rate of 6% per annum, compounded annually. Which of the two options is beneficial for you? (Show your Workings).

已邀请: