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WITCHER [35]
3 years ago
12

You need to borrow $15,000 to buy a car, and you determine that you can afford monthly payments of $325. The bank offers three c

hoices: a 3-year
loan at 7% APR, a 4-year loan at 7.5% APR, or a 5-year loan a 8% APR. Which loan best meets your needs? Show your work and explain your reasoning.
Mathematics
1 answer:
Klio2033 [76]3 years ago
4 0

Answer:

the 5yr/ $270mth

Step-by-step explanation:

$15k × 8% = $1200 interest

$15k + $1200 = $16,200.00

$16500 ÷ 60months (5years) = $270/mth pymt

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You deposit $800 in an account that pays 2.65% annual interest compounded continuously. What is the balance after 12 years? Use
balu736 [363]

Answer:Let P = initial investment

     r = annual interest rate (decimal form)

     t = number of years

   A(t) = amount after t years

 

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A(12.5) = 800e(0.0265)(12.5)

 

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4 0
2 years ago
Hello can someone answer please
tatyana61 [14]

Answer:

hello thereeeee

ans is 23.5

Step-by-step explanation:

so lets start

first of all remove decimal of divisor 1.1/25.85 multiplying by 10

11/258.5

now first multiply by 2

now we get 22 and subtract with 25 => 25-22 = 3

so left is

38

now 11*3 = 33

so now by 3

38-33= 5

bringing another 5 down

we get 55

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and now 11*5 = 55

so

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6 0
3 years ago
40% of what number is 82?
Naya [18.7K]
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<span>40% 0f 205 = 205*40% = 205*40/100 = 82
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