1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aalyn [17]
3 years ago
6

Olivia and Garrett each take out at $18,000 loan for a new car. Each how to repay the loan in 5 years. Olivia has interest rate

3.2% per year . Her monthly payment is $308 Because Garrett has a lower credit score he will pay an interest rate of 3.6% per year. His monthly payment will be $311. How much more will an $18,000 loan cost Garrett than Olivia.
Mathematics
1 answer:
Mkey [24]3 years ago
4 0

Answer:

$180

Step-by-step explanation:

First, you have to calculate the amount that Olivia would have paid at the end of the loan which would be the result of multiplying her monthly payment for the number of payments:

Total payment= $308*(12*5)

Total payment= $308*60

Total payment= $18,480

Then, you have to calculate the amount that Garrett would have paid at the end of the loan:

Total payment= $311*(12*5)

Total payment= $311*60

Total payment= $18,660

Now, you have to calculate the difference in the amount Olivia and Garrett would have paid:

$18,660-$18,480= $180

According to this, an $18,000 loan will cost Garrett $180 more than Olivia.

You might be interested in
Select the correct answer for each statement Will yield consecutive odd integers Will yield consecutive integers
Ivahew [28]

Complete question :

Select the correct answer for each statement.

1.) Will yield consecutive odd integers.

k+10, k+12, k+14

or

k+2, k+3, k+4

2.) Will yield consecutive integers.

k+1, k+2, k+3

or

k+6, k+8, k+10

Answer:

Consecutive odd integer : k+10, k+12, k+14

Consecutive integers : k+1, k+2, k+3

Step-by-step explanation:

Odd integers are numbers which aren't divisible by 2 ; such as : 1, 3, 5, 7, 9, 11,... The series continues in that manner. Consecutive odd integers have a common difference of 2, just as indicated in the instance given ; 1, 3, 5, 7, 9, 11,...

Therefore a series with a difference of 2 is more likely to be one representing consecutive odd integers.

2.) for concmsecutive integers :

Consecutive integers have a common difference of 1 between each successive integer ;

Hence, k+1, k+2, k+3 will most likely represent consecutive integers since the value of k is the same.

7 0
3 years ago
The sum of two numbers is 100. One number is 4 times the other. The largest number is ; (a) 90 (b) 70 (c) 80 (d) 20
djyliett [7]
It will be 80 because 80/4=20 and 20+80=100
7 0
3 years ago
The population of a town increased by 10% per year in 2009, 2010, and 2011. If the population of the town at the beginning of 20
natta225 [31]
So, 10% of 40,000 is 4,000 then we add up 40,000 and 4,000 and get 44,000. Then we need to know how much is 10% of 44,000 and it is 4,400. 44,000+4,400= 48,400 and then we just need to repeat this one more time. 48,400+4,840(10% of 48,400)= 53,240. That is the answer))))
3 0
3 years ago
The girl needs 322 yards of ribbon the ribbon comes in rolls of 15 yards how many rolls should she buy
vivado [14]
22
please rate brainliest :)
8 0
3 years ago
Read 2 more answers
Complete the table below.<br> HeLPP ILL GIVE BRAINLIEST!
makkiz [27]
Here...see the attachment

6 0
3 years ago
Read 2 more answers
Other questions:
  • A turtle swims at a speed of 1584 meters per hour. A girl swims at a speed of 1380 millimeters per second how much faster does t
    7·2 answers
  • the veterinarian ways jims to dogs his collie weighs 37 pounds is terrier weighs 240 Oz is what is the total weight of Jim's dog
    5·1 answer
  • Statements that are true<br> 7(2w-4)
    15·1 answer
  • Divide decimals 1.52 / 1.9
    5·2 answers
  • The floor area of a square closet is 16 ft2. What is the length of one side of the closet? ft
    9·2 answers
  • What is the inverse of the function shown?
    7·1 answer
  • How many degrees represents 1 person ?
    10·2 answers
  • Two vectors of lengths 4 and 6 have a dot product equal to 24. Which is true about the vectors?
    10·2 answers
  • Question 23
    9·1 answer
  • Pentagon ABCDE and pentagon A"B"C"D"E" are shown on the coordinate plane below:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!