The difference between the monthly payment of R and S is equal to $48.53 by following the compound interest formula. Thus, Loan R's monthly loan amount is greater than Loan S.
<h3>What is a Compound interest loan?</h3>
Combined interest (or compound interest) is the loan interest or deposit calculated based on both the original interest and accrued interest from earlier periods.
![\rm\,For\,R\\\\P = \$\,17,550\\r\,= 5.32\%\\Time\,= n= 7\,years\\Amount\,paid= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\=[ 17,550 (1+\dfrac{5.32}{100\times12})^{7\times12} ]\\= [ 17,550 (\dfrac{12.0532}{12})^{84} ]\\\\= [ 17,550 (1.00443^{84} ]\\\\= \$ 25,440.48\\\\Total\,monthly\,payment = \rm\,\dfrac{25,440.48}{84}\\\\= \$\, $302.86\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CR%5C%5C%5C%5CP%20%3D%20%5C%24%5C%2C17%2C550%5C%5Cr%5C%2C%3D%205.32%5C%25%5C%5CTime%5C%2C%3D%20n%3D%207%5C%2Cyears%5C%5CAmount%5C%2Cpaid%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%3D%5B%2017%2C550%20%281%2B%5Cdfrac%7B5.32%7D%7B100%5Ctimes12%7D%29%5E%7B7%5Ctimes12%7D%20%5D%5C%5C%3D%20%5B%2017%2C550%20%28%5Cdfrac%7B12.0532%7D%7B12%7D%29%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%20%5B%2017%2C550%20%281.00443%5E%7B84%7D%20%5D%5C%5C%5C%5C%3D%20%5C%24%2025%2C440.48%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%20%5Crm%5C%2C%5Cdfrac%7B25%2C440.48%7D%7B84%7D%5C%5C%5C%5C%3D%20%5C%24%5C%2C%20%24302.86%5C%5C%5C%5C)
![\rm\,For\,S =\\\\P=\,\$ 15,925\\r\,= 6.07\%\\T=n= 9\,years\\\\Amount\,paid\,= [P(1+\dfrac{r}{100\times12})^{n\times12} ]\\\\\= [15,925(1+\dfrac{0.0607}{12})^{9\times12} ]\\\\\\= [15,925(1+\dfrac{0.0607}{12})^{108} ]\\\\=[15,925(1.7247.84)} ]\\\\\= \$27,467.19\\\\Total\,monthly\,payment =\dfrac{\rm\,\$\,27,469.19}{108}\\\\= \$ 254.326\\\\](https://tex.z-dn.net/?f=%5Crm%5C%2CFor%5C%2CS%20%3D%5C%5C%5C%5CP%3D%5C%2C%5C%24%2015%2C925%5C%5Cr%5C%2C%3D%206.07%5C%25%5C%5CT%3Dn%3D%209%5C%2Cyears%5C%5C%5C%5CAmount%5C%2Cpaid%5C%2C%3D%20%5BP%281%2B%5Cdfrac%7Br%7D%7B100%5Ctimes12%7D%29%5E%7Bn%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B9%5Ctimes12%7D%20%5D%5C%5C%5C%5C%5C%5C%3D%20%5B15%2C925%281%2B%5Cdfrac%7B0.0607%7D%7B12%7D%29%5E%7B108%7D%20%5D%5C%5C%5C%5C%3D%5B15%2C925%281.7247.84%29%7D%20%5D%5C%5C%5C%5C%5C%3D%20%5C%2427%2C467.19%5C%5C%5C%5CTotal%5C%2Cmonthly%5C%2Cpayment%20%3D%5Cdfrac%7B%5Crm%5C%2C%5C%24%5C%2C27%2C469.19%7D%7B108%7D%5C%5C%5C%5C%3D%20%5C%24%20254.326%5C%5C%5C%5C)
The difference between the monthly payment of R and S is equal to $48.53.
Hence, Loan R's monthly payment is greater than the loan's monthly payment by $48.53
To learn more about Compound interest, refer to the link:
brainly.com/question/14331235
Answer:
he was discriminated solely based on his sexual orientation.
Explanation:
The Title VII of the Civil Rights Act of 1964 stated that all employers in united states are prohibited to discriminate their employees based on race, religion, gender, national origin, and sexual orientation.
You do not need to be married for your sexual orientation to be acknowledged by the The Title VII of the Civil Rights Act of 1964 . You just need to proof that any of the factors above are the reason why you're discriminated against.
In Qiang case, he could tried to find witness by talking to other employees or find a recorded email/messages that indicates his boss mistreatment toward him. If there are enough employees who came out as witnesses, he could build a strong enough case to gain support in the court.
Answer:
The answer is letter D.
Explanation:
It is reasonable to expect that the cyclical unemployment rate has been unaffected.
The answer to the first one is False. The described process is called Garnishments. A periodic rate is <span>the interest rate you are charged for one payment period. </span>Fees associated with buying and finalizing your loan are known as closing costs
