Answer:
$5.20
Step-by-step explanation:
4.95 + (0.05 x 4.95) = x
4.95 + 0.2475 = x
X= 5.1975
Rounds to $5.20
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.
5(20) + 4y = 216
100 + 4y = 216
4y = 216 - 100
4y = 116
y = 116/4
y = 29.....so they sold 29 four-dollar yogurts + 20 five-dollar yogurts....for a total of 49 yogurts sold <==
Y= 6
X= 12
This is a 30-60-90 triangle meaning that one side (hyp) is 2x. One side (shortest) is just x. The last side is xroot3
