Question 3 [5 points] On May 17, 2018 Dalya took out a $30,000 variable interest...
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Question 3 [5 points] On May 17, 2018 Dalya took out a $30,000 variable interest loan at prime +2%. The following table shows how the prime rate changed dying the term of the loan Date Effective Prime Rate May 17 4,50% June 25 5% October 3 5.25% How much did Daly have to pay the repaid the loan on December 7, 2018? (Ute 30 days per year,count the first day of the loan perlod but not the last day. For full marks your answer should be rounded to the nearestent Click here for help computing the number of days between two daten Paymont $ 0.00 b) What equivalent fixed rate of simple interest did she pay on the loan? Give your answer a percent accurate to last two decimal places Fixed Rate = 0.00 %
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