Answer:
As the principal, interest rate, and compound periods increase, so does the future value of an investment. It doesn't matter if you are just putting some money into short-term, low rate savings accounts or CDs or long-term, higher return investments, compound interest will work for your benefit if you allow it.
Step-by-step explanation:
#LetsStudy
C) sum of interior angles must be 180°.
This is because a straight line = 180°, so if the interior angles of a triangle = 180° they can form a straight line if arranged correctly.
Answer: im pretty sure you times the inside of the area of the triangle and it should work
Step-by-step explanation:
Monthly payments, P = {R/12*A}/{1- (1+R/12)^-12n}
Where R = APR = 4.4% = 0.044, A = Amount borrowed = $60,000, n = Time the loan will be repaid
For 20 years, n = 20 years
P1 = {0.044/12*60000}/{1- (1+0.044/12)^-12*20} = $376.36
Total amount to be paid in 20 years, A1 = 376.36*20*12 = $90,326.30
For 3 years early, n = 17 year
P2 = {0.044/12*60,000}/{1-(1+0.044/12)^-12*17} = $418.22
Total amount to be paid in 17 years, A2 = 418.22*17*12 = $85,316.98
The saving when the loan is paid off 3 year early = A1-A2 = 90,326.30 - 85,316.98 = $5,009.32
Therefore, the approximate amount of savings is A. $4,516.32. This value is lower than the one calculated since the time of repaying the loan does not change. After 17 years, the borrower only clears the remaining amount of the principle amount.
