Austin qualified for a $30,000 loan with 7.49% interest in order to buy a new ski boat. The term of his loan is 10 years and his
monthly payments are $355.95. Find the amount of INTEREST Austin will pay. Group of answer choices
1 answer:
Answer:
$12,714
Step-by-step explanation:
Loan Amount=$30,000
Monthly Payment =$355.95.
Number of Payment Period = 10 Years X 12 Months =120 Months
Total Payment to be made by Austin =120 X 355.95=$42,714
Therefore:
The interest Austin will pay=Total Payment-Loan Amount
=$42,714-30,000
=$12,714
You might be interested in
Answer: 36.2
Step-by-step explanation:
Just answered this one a few minutes ago.
(-5)(-5)(3)= 75
1/4 × 8 times = 2 cups
ANSWER : 8 times
It's alright I don't mind at all
Val would walk 10 2/5 miles in 4 days, so he/she would travel the greatest distance
