Answer:
Step-by-step explanation:
16 x 28% = 4.48
16 x 72% = 11.52
16 x 172% = 27.52
16 x 128% = 20.48
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I dont know for the second one, sorry-
If a=0, then the denominator is equal to 0. Since you cannot divide by zero, you are not allowed to do this.
Hope This helps!
55 percent, I believe. Hope this helps!
The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103