Given:
loan amount: 25,250
original interest rate: 3.4%
new interest rate: 6.8%
term: 10 years.
Assuming that simple interest formula is used.
I = P * r * t
I = interest
P = principal
r = interest rate
t = term/time
I = 25,250 * 3.4% * 10 years
I = 8,585
I = 25,250 * 6.8% * 10 years
I = 17,170
17,170 - 8,585 = 8,585 Additional interest paid using the new interest rate.
Using an online loan repayment calculator: Here are the following data:
Loan Balance:$25,250.00
Adjusted Loan Balance:$25,250.00Loan
Interest Rate:6.80%
Loan Fees:0.00%
Loan Term:10 years
Minimum Payment:$0.00
Monthly Loan Payment:$290.58
Number of Payments:120
Cumulative Payments:$34,869.23
Total Interest Paid:$9,619.23
<span><span>Loan Balance:$25,250.00
</span><span>Adjusted Loan Balance:$25,250.00
</span><span>Loan Interest Rate:3.40%
</span><span>Loan Fees:0.00%
</span><span>Loan Term:10 years
</span><span>Minimum Payment:$0.00</span>
<span>Monthly Loan Payment:$248.51
</span><span>Number of Payments:120</span>
<span>Cumulative Payments:$29,820.59
</span><span>Total Interest Paid:<span>$4,570.59</span></span></span>
Answer:
45
good luck i think this is correct
Answer:
623 miles
Step-by-step explanation:
6.23*100= 623 miles
Answer:
The answer to your question is:
Step-by-step explanation:
(4 + 5) + 2 = 4 + (5 + 2) Associative property of addition
2(2x + 4) = 4x + 8 Distributive property
( 7 x ) 3 = 7 (x 3) Associative property of multiplication
( 8 x 2) = (x 8 2) Commutative property of multiplication
( 7 + 3) + 1 = 1 + (7 + 3) Commutative property of addition
Answer:
Your answer is (0,-18)
Step-by-step explanation:
The Y Intercept is (0, -18) and the X Intercept is (18/5, 0)