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
1) x^2 + 2x * 9 + 9^2
2) x^2 + 2x + 81
3) x^2 + 18 +81
Answer:
8
Step-by-step explanation:
0 = –x^2 + 4x – 2
This is of the form
ax^2 +bx +c
a = -1 b = 4 x = -2
The discriminant is
b^2 -4ac
4^2 - 4(-1)(-2)
16 - 8
8
