9. In comparing a $20,000 loan over 36, 48 or 60 months, which loan would...
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9. In comparing a $20,000 loan over 36, 48 or 60 months, which loan would you take if the interest on the 36 month loan was 3%, the 48 month loan was 2.75% and the 60 month loan was 2.5%? 10. At age 25, you invest $1,000 a year for five years at 6%. What amount do you have at the end of five years? 11. If you keep the balance invested in #10, what do you have at the age of 70? 12. You start at age 30 and invest $500 a year for ten years. What amount do you have at the end of ten years? 13. If you keep the balance invested in #12, what do you have at the age of 70? 14. At age 25 you invest $83.33 a month for five years (a total of $5,000) at 6%. What amount do you have at the end of five years, when you are 30 years old? 15. If you keep the balance in the account from #14 and do not touch it until you are 70 years old, and it still earns 6%, what amount do you have when you are 70 years old? 16. At age 30 you deposit $5,000 in an account earning 6% a year. What amount is in the account when you are 70 years old
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