Question

Mrs. Santos is a mother of two college students. She was not able to foresee the pre midterm examination schedule. She missed to set aside enough money to pay the tuition. Looking at her budget, she saw that it lacked P7, 400. Cooperative A where she is a member, offers educational assistance at a simple interest rate at 14% per annum. If she avails of this offer, she will pay in 6 months' time. Cooperative B where she is also a member, offers educational assistance at an interest rate at 14% per annum. The interest is taken in advance. If she avails of this offer and plans to pay it back at the end of 6 months, what amount will she expect to receive that day? As a Financial analyst, how can you help Mrs. Santos choose which cooperative would give her best assistance? Evaluate the situation, and give your mathematical and logical approach to help Mrs. Santos lessen her financial burden. Rubrics: Mathematical Approach (Solution involved) = 10 pts Logical Approach (Explanation on whose cooperative is best for Mrs. Santos = 10 points Presentation of Data (organized answer, no erasures, easily understood by me) = 5 pts Total = 25 pts

Answer 1

Answer:

i don't no this answer sorry for that

blease mark me brillint