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mestny [16]
3 years ago
10

Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.

7%, compounded monthly, and requires that the loan be paid off in eight years. Bank G charges an interest rate of 6.2%, compounded monthly, and requires that the loan be paid off in seven years. How would you recommend that Yvette choose her loan?
a. Bank F offers a better loan in every regard, so Yvette should choose it over Bank G’s.
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
c. Yvette should choose Bank G’s loan if she cares more about lower monthly payments, and she should choose Bank F’s loan if she cares more about the lowest lifetime cost.
d. Bank G offers a better loan in every regard, so Yvette should choose it over Bank F’s.
Mathematics
2 answers:
Schach [20]3 years ago
8 0
<span>b.<span>Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost

had on test </span></span>
katovenus [111]3 years ago
5 0
The answer would be choice c. 

hoped this helped 
happy studying
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Answer:

True

Step-by-step explanation:

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This can be applied by first applying which is point 1 or point 2. Technically, it does not matter which is which, as long as you are consistent in pairing of the x,y coordinates. In this case, point 1 is (3,7) and point 2 is (x1,y1). Therefore, when you substitute the values, the distance would be 

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