Answer:
Loan Q’s finance charge will be $83.73 greater than Loan P’s
Step-by-step explanation:
Using EMI Formula
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Loan P
P = $19,450
R = 5.8/1200
N = 9 * 12 = 108
EMI = 231.6 $
Amount Paid = 231.6 * 108 = $ 25012.8
Interest Paid = 25012.8 - 19450 = $ 5562.8
Service Charge = $ 925
Total Finance Charges = $ 6487.8
Loan Q
P = $19,450
R = 5.5/1200
N = 10 * 12 = 120
EMI = 211.1 $
Amount Paid = $ 25330.8
Interest Paid = 25330.8 - 19450 = $ 5880.8
Service Charge = $ 690.85
Total Finance Charges = $ 6571.65
Loan Q - Loan P fiance charges = $ 83.85
Loan Q’s finance charge will be $83.73 greater than Loan P’s is closet
Answer:
$59,000
Step-by-step explanation:
doing $15,000 + $55,000 and you will get $59,000 you know I know how I know because you at you at and then you subtract $1,000 getting on my last nerve and you would get $59,000
Answer:
1.) $1.07
2.) $2.25
3.) $14.20
Step-by-step explanation:
1.) Toonie = 2 CAD
CAD = USD $1.57
$1.57 - $0.50 = $1.07 (USD)
2.) $2.75 - $5 = $2.25 (USD)
3.) $20 x 4 = 80
$80 - $65.80 = $14.20 (USD)
Hope this helped!
C in square=A in square+B in square
Answer: It’s a vector
Step-by-step explanation: AP EX approved
