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1. Angela needs $4000 to pay for a car. She was given two options by the car seller. Option A: Outright Loan A loan of $4000 at a rate of 12% per annum compounded monthly. (a)Find (i)the cost of this

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How to fill out Angela needs 4000 to:

1. Start by gathering all the necessary information and documentation required for the loan application process. This may include proof of income, identification documents, and any supporting documents that will help justify the need for the loan.
2. Research and explore different loan options available to Angela. Compare interest rates, repayment terms, and eligibility criteria to find the most suitable loan for her needs. It's important to consider both traditional lenders like banks and credit unions, as well as online lenders.
3. Once Angela has selected the lender she wants to apply for the loan with, she needs to visit their website or branch to access the loan application form. Fill out the form accurately and provide all the requested details, including personal information, financial information, and the purpose of the loan.
4. In the loan application, Angela should clearly explain why she needs the $4000 and how she intends to use the funds. Whether it's for a specific expense, debt consolidation, or personal needs, the lender needs to understand the purpose of the loan.
5. Additionally, Angela may be required to provide supporting documents along with her application. This may include recent pay stubs, bank statements, tax returns, or any other documentation that helps verify her financial situation.
6. Review the completed loan application form and supporting documents thoroughly to ensure accuracy and completion. Any errors or missing information could delay the loan approval process.
7. Once Angela is confident that all the necessary information has been provided, she can submit the loan application to the lender as per their specified instructions. This may involve submitting the application online, through mail, or in person.
8. After submitting the loan application, Angela may need to wait for the lender's response. The review and approval process timeline can vary depending on the lender and the complexity of the loan application.
9. If Angela's loan application gets approved, she will receive a loan offer outlining the terms and conditions, including interest rate, repayment schedule, and any applicable fees. She should review this offer carefully before accepting it.
10. If Angela chooses to accept the loan offer, she will need to sign the loan agreement and provide any additional documentation requested by the lender. Once everything is finalized, the funds will be disbursed to her.

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