Banks and Other Financial Institutions
...financial institution that I have picked is insurance company American International Group (AIG) and its website is www.aigcorporate.com.
The services that this bank offers is Banking, Credit cards, Lending, Investing, Business, Rewards and Offers and other services.
The main service of the bank is to accept deposits of the customers and make investments from them in order to earn profit. It also has savings accounts... Problem The following three one-year "discount loans are available to you: Loan A: $120,000 at a 7% discount rate Loan B: $110,000 at a 6% discount rate
Loan C: $130,000 at a 6.5% discount rate
a. determine the dollar amount of interest you would pay on each loan and indicate the amount...