Which loan costs less?
a) A loan of 500 L.E. at a flat rate of 25% for one year paid back in monthly installments?
b) A loan of 500 L.E. at a flat rate of 20% for one year paid back after one year?
Categories
Value
Category
1
25%
2
20%
8
DK
99999999
Missing
Sysmiss
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.