1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DerKrebs [107]
3 years ago
10

Imagine that you have the opportunity to purchase a large piece of land for $100,000, after taking out a loan. You have decided

to take out a loan for $135,000 in order to cover the cost of the land purchase and building your park. You have hired a financial adviser to help you explore different loan options and decide which one is best for you. Below you will see the different loan options. You will need to calculate the total cost of each loan with interest. Once you have do this you and your group members will need to decide which of the loan options is best for you and why.
Option #1 – charges 5% simple interest per year; this is a short-term loan for only 5-years.






Option #2 – charges 7% simple interest per year; this is a short-term loan for only 3-years.








Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)








Option #4 - charges 10% simple interest per year; only lasts 10 months






Option #5 - charges 12% simple interest per year; only lasts 6 months








Written Response

You will be meeting with your financial adviser in two days. Write out which loan option your group is choosing to use and why. You really want to impress her with how much thought you have put into this decision so be as detailed as possible.
Mathematics
2 answers:
MakcuM [25]3 years ago
3 0

what is this

Step-by-step explanation:

Option #1 – charges 5% simple interest per year; this is a short-term loan for only 5-years.

Option #2 – charges 7% simple interest per year; this is a short-term loan for only 3-years.

Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)

Option #4 - charges 10% simple interest per year; only lasts 10 months

Option what is this

Kryger [21]3 years ago
3 0

Answer:

Its option one

Step-by-step explanation:

Because 135,000/5=27000 then x5=135,000

You might be interested in
What are the steps to graphing a linear equation?
chubhunter [2.5K]

Locate the y-intercept on the graph and plot the point.

From this point, use the slope to find a second point and plot it.

Draw the line that connects the two points.

6 0
3 years ago
Read 2 more answers
What's the slope of y=-x+3
Reika [66]
The slope would be -1 since it’s the coefficient of -x
8 0
3 years ago
Read 2 more answers
What is the ratio for the surface areas of the rectangular prisms shown below, given that they are similar and that the ratio of
Harrizon [31]

Answer:

9 : 1

Step-by-step explanation:

given a linear ratio = a : b, then the corresponding area ratio is

a² : b²

Here the linear ratio of their edges = 3 : 1, hence

ratio of surface areas = 3² : 1² = 9 : 1


4 0
3 years ago
Please help please ​
jarptica [38.1K]

Answer:

1.) supplementary  m<1+m<2=180 and m<2+m<3=180

2.) congruent, supplementary

Step-by-step explanation:

the answers are in this order above

5 0
4 years ago
Use the distributive property to remove the parentheses<br><br>-2(4w-2v-1)
yawa3891 [41]

Answer: -8w+2v+2

Step-by-step explanation:

8 0
2 years ago
Other questions:
  • Why is it important to include a scale when displaying a box plot?
    5·1 answer
  • What are the Factors of -18
    14·1 answer
  • A new car is purchased for 15700 dollars. The value of the car depreciates at 7.5% per year. To the nearest year, how long will
    14·1 answer
  • Three consecutive odd integers are such that the sum of the first and second is 31 less than 3 times the third. Find the integer
    13·1 answer
  • The ABX Company is interested in conducting a study of the factors that affect absenteeism among its≈α= 0.05
    10·1 answer
  • The first season of the show breaking bad contain seven episodes but the second season of 13 episodes calculate the absolute and
    15·2 answers
  • Brandon has a rectangular garden. The garden is 24 feet long and 16 feet wide. He wants to increase the size of the
    12·1 answer
  • Charlie bought 2 3/4 pounds of pears for $.76 per pound and 2 3/4 pounds of grapes for $1.40 per pound how much money in dollars
    15·1 answer
  • Plz help its been two days no one helped me busy life
    14·1 answer
  • A plant that is 6 inches tall grows 1 inch each week. Another plant is 4 inches tall and grows 2 inches each week
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!