Answer:
$6,447.60
Step-by-step explanation:
Since Jennifer's monthly payment was $303.73 and she paid this amount each month for 10 years, multiply the monthly payment by the number of months in 10 years, 120, to determine the total amount that she paid.
$303.73×120=$36,447.60
Now, subtract the stated amount of the loan from the total amount paid to find the amount of interest that was paid.
$36,447.60−$30,000=$6,447.60
Therefore, Jennifer paid $6,447.60 in interest through the duration of the loan.
8/20 = (x5) 40/100
40/100 = 40%
answer = 40%
Formula for monthly payment is:
A = P x (r(1+r)^t)/((1+r)^t-1) where P is the amount financed, r is the interest rate divided by 12 and t is the amount of time for the loan in months.
P = 33714 x 0.85 = 28656.90
A = 28656.90 x (0.07/12 (1+0.07/12)^48) / (1 +0.07/12)^48 - 1)
A = $686.23
Answer:
50
Step-by-step explanation:
The answer is true to all of them.
