Answer:
A
Step-by-step explanation:
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Answer:
what's your question though?
Answer:
For 30 years at 5% = $354,625.2
For 20 years at 4.5% = $278,618.4
Step-by-step explanation:
The total payback for each payment is given by the monthly payment multiplied by the total number of months for the payment period (years).
1) For 30 years at 5%
Total number of months in 30 years = 30 x 12 = 360 months
Payback = $985.07 x 360 = $354,625.2
2) For 20 years at 4.5%
Total number of months in 20 years = 20 x 12 = 240 months
Payback = $1160.91 x 240 = $278,618.4
Answer:
Yes 20/30 is equivalent to 2/3
Step-by-step explanation:
Divide the fraction 20/30 by 10/10 to simply to 2/3
