FINANCIAL LITERACY Priya and Benjamin each take out a short

Last updated: 3/23/2023

FINANCIAL LITERACY Priya and Benjamin each take out a short term loan for 2000 Priya s loan has a 15 annual interest rate compounded continuously and Benjamin s loan has a 12 annual interest rate compounded continuously Priya pays off the loan in one payment at 6 months Benjamin pays off the loan in one payment at 12 months Compare