Answer:
yes, they are parallel.
equation form is:
x=6
y=2
Step-by-step explanation:
**Eddie: $72000/(14yr*12mo)=428.6$/mo+428.6$*(4.7%)/100%
Eddie pays 428.6$/mo+20.14$/mo. If he pays off his loan 6 years earlier he would save: $20.14*6yr*12mo= $1450.08
**Lee: $92000/(14yr*12mo)=547.62$/mo+547.62$*(4.7%)/100%
Lee pays 547.62$/mo+25.74$/mo. If he pays off his loan 6 years earlier he would save: $25.74*6yr*12mo=$1853.28
So its A. <span>Lee would save more, since he has $20,000 more in principal.</span>
