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:
12/6 = 2
x=2
Step-by-step explanation:
i hope this help
let me kow if it did
Consider Point P to be (0,0) count the grid lines to find the location of points A, B and C
A=. (-6,-3)
B = (-9,6)
C =(3,9)
Now the scale is 1/3. So divide all the points by 3 to get the new location and place the green dots on them:
A’=(-2,-1)
B’ =(-3,2)
C’ =(1,3)