Select the correct answer from each drop-down menu. A couple

Last updated: 7/19/2022

Select the correct answer from each drop-down menu. A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, the loan payments they had made to the bank amounted to $38,250. The interest rate on the loan, compounded continuously, is %. If they had taken an 8-year loan instead of a 5-year loan, they would have paid approximately $ more.