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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

You might be interested in
Given: If you live in Orlando, then you live in Florida.
____ [38]

Answer:

The law of detachment and syllogism is valid here

Explanation:

The law of detachment and syllogism is associated with inductive reasoning. This law states that a conclusion is valid if the premise or hypothesis is valid, therefore if a then b. In others a results in b.

The law of detachment is denoted

[(a→b)∧a]→b

The law of syllogism derives from the law of detachment. Syllogism says that if a results in b and b results in c, then a results in c. In other words since a causes b and b causes c, then if a then c.

It is denoted

[(a→b)∧(b→c)]→(a→c)

In the above example, given: If you live in Orlando, then you live in Florida

Morgan does not live in Orlando, therefore it is concluded that he does not live in Florida

5 0
3 years ago
In the diagram, the radius of the outer circle is 5 centimeters and the area of the shaded region is 16π square centimeters. Fin
shusha [124]

Answer:

c because I did this one an yeah

8 0
2 years ago
Simplify 6 x 10−7 2 x 105 .
mafiozo [28]

Answer:

-49

Step-by-step explanation:

it would be this because first we would have to figure out what 6*10 is that why we know what to distribute . so once we figure it out , which is 70 . We would then subtract 14 from 70 . Since 7 is right next to 2 we would then multiply it to get to 14. Once we get that you should get 56, from there you would subtract 56 to 105 , and get your answer.

7 0
2 years ago
Find the x-intercept of 3x + 2y = 12 is (__, 0)
Anettt [7]
3x + 2y = 12

(x, y) = (__, 0)

3x + (2 x 0) = 12
3x + 0 = 12
3x = 12
x = 4

(4, 0)
7 0
3 years ago
What is 0.64 as a whole number?
horrorfan [7]
<span>Step 1. 0.64 = 64 ⁄ 100</span> 
<span>Step 2. Simplify 64 ⁄ 100 = 16⁄25</span> 

<span>
</span>
5 0
3 years ago
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