Answer:
Please see the attached file for the complete answer.
Step-by-step explanation:
Answer:
$12,714
Step-by-step explanation:
Loan Amount=$30,000
Monthly Payment =$355.95.
Number of Payment Period = 10 Years X 12 Months =120 Months
Total Payment to be made by Austin =120 X 355.95=$42,714
Therefore:
The interest Austin will pay=Total Payment-Loan Amount
=$42,714-30,000
=$12,714
I believe it is false because it only passes through the y-axis not the x-axis.
The first one is 212
and the second one is 158
so yes it is false they do not equal