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
Answer:
9043.2 cm³
Step-by-step explanation:
V = Ab×h
= π·r²×h
= 3.14×12²×20
= 62.8×144
= 9043.2 cm³
Answer:
Apple juice contains 1728 g sugar whereas soda contains 1404 g sugar
Step-by-step explanation:
