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
52 students chose art.
52/100 = 13/25
13/25 = 0.52
0.52 = 52%
52%
Hope this helps
Answer: x= -2/3
Step-by-step explanation:
Answer:
-6
Step-by-step explanation:
17-6=11
11-6=5
5-6=-1
-1-6=-7
Answer:
The unit rate is 30 pages per hour.
The unit rate is 1/30 hour per page
Step-by-step explanation:
