Answer:
- 20-year fixed-rate at 7.5%
- $106,219.32
Step-by-step explanation:
The shorter the term, the lower the amount of interest.
The lower the interest rate, the lower the amount of interest.
The loan that has both a shorter term and a lower interest rate will cost less in interest.
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The total of payments for the 30-year loan is 396,232.87.
The total of payments for the 20-year loan is 290,013.55.
The amount saved by taking the shorter loan is the difference of these amounts: $106,219.32.
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You can use an amortization formula, spreadsheet, or a financial calculator to compute the payments for each loan. The total repayment amount is the product of the monthly payment and the number of them, 360 for the 30-year loan; 240 for the 20-year loan.
length: m
less means "subtract", than means "reverse the order", triple means "times 3"
width: 3m - 5
Answer: 3m - 5
Answer:
its a black screen so yeah
Answer:
It decreased by 5% every year
Step-by-step explanation:
When t increases by 1, the number of subscribers is multiplied by another factor of 0.95, making the new value 5% less than the previous one.
The number of subscribers decreased by 5% every year.
