Answer:
- 20-year fixed-rate at 7.5%
- $106,219.32
Step-by-step explanation:
The shorter the term, the lower the amount of interest.
The lower the interest rate, the lower the amount of interest.
The loan that has both a shorter term and a lower interest rate will cost less in interest.
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The total of payments for the 30-year loan is 396,232.87.
The total of payments for the 20-year loan is 290,013.55.
The amount saved by taking the shorter loan is the difference of these amounts: $106,219.32.
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You can use an amortization formula, spreadsheet, or a financial calculator to compute the payments for each loan. The total repayment amount is the product of the monthly payment and the number of them, 360 for the 30-year loan; 240 for the 20-year loan.
Looks like ti 1.75 in. Hope this helps and let me know if it does or im woong
Dana must pay $1238.75 upfront.
Step-by-step explanation:
Given,
Cost of car = $24,650
Sales tax = 3.5%
Amount of sales tax = 3.5% of cost of car
Amount of sales tax = 
Amount of sales tax = 
Amount of title and tag fees = $376
Total upfront amount = Amount of sales tax + Amount of title and tag fees
Total upfront amount = 862.75+376 = $1238.75
Dana must pay $1238.75 upfront.
Keywords: percentage, sales tax
Learn more about percentage at:
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Answer:
134.04
Step-by-step explanation:
Answer:
28 - m = 3
28 - 3 = m
25 = m
Hope this helps :) mark me brainliest if you want to