The second option has a lower amount of interest paid.
In order to determine the loan option that minimizes loan payment, the future value of both loan options has to be determined.
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
<em><u>First loan option </u></em>
65000( 1 + 0.063/12)^300 = 312,707.21
<em><u>Second loan option </u></em>
65000( 1 + 0.048/12)^240 = 169,435.51
A similar question was answered here: brainly.com/question/23082103
1. First do 18,000 times .20 to get 3,600. Next minus 18,000 by 3,600 and you get $14,400 which is the answer.
2. First do 125 times .15 to get 18.75. Next minus 125 minus 18.75 to get 106.25. Then you do 106.25 times .05 to get 5.31. Finally, add 5.31 to to 106.25 and you get $111.56.
3. 17/39 as a decimal is .4358
4. First you do 45 times .06 to get 2.7. Finally you add 2.7 back onto 45 to get $47.7
5. true (i’m 99% sure on this question)
hope dis helped
The answers should be:
A) 6n-4
B) -4n+25
Answer:
area of trapizoid=49 unit^2
Step-by-step explanation:
area of trapizoid=0.5(x+y)h
where, x=parallel side=3units
y=parallel side =11 units
h=distance between two parallel sides
area of trapizoid=0.5(x+y)h..............(1)
put x=3 units,y=11 units and h=7 in equ (1)
area of trapizoid=0.5(3+11)7
area of trapizoid=
area of trapizoid=49 unit^2 answer
Answer:
its D
Step-by-step explanation:
good luck
