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
Answer:
22n - 11
Step-by-step explanation:
Answer:
C.
Step-by-step explanation:
The function is defined as
This means that, taken an input m, the output is the input squared, plus 7.
So, if we take the input -4, we square it to get 16, and we add 7 to get 23.
Answer:
-3mn + 14n - m is your answer.
Step-by-step explanation:
Combine like terms (terms with the same amount of variables). Reorder so that it is so:
(-5mn + 2mn) + (6n + 8n) + (-4m + 3m)
Combine like terms. Add or subtract the variables. Note that if there is no number, it is assumed that there is a 1:
(-5mn + 2mn) = (2mn - 5mn) = -3mn
(6n + 8n) = 14n
(-4m + 3m) = 3m - 4m = -m
(-3mn) + (14n) + (-m)
-3mn + 14n - m is your answer.
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