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
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About 20-27 dollars you will have some money left over
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268.1 cubic centimeters
Step-by-step explanation:
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-3 and 81/99
Step-by-step explanation:
8 and 2/5 is 8.4 and -2 and 1/5 is -2.2
8.4 divided by -2.2 is equal to -3 and 81/99
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Step-by-step explanation: