In my opinion I think it's the third one
Answer:
5/1, 25/5
Step-by-step explanation:
$132.55-($15*12)=$132.55-$180=$-47.45
So then he would have owed 47.45 dollars!
Answer:
For 30 years at 5% = $354,625.2
For 20 years at 4.5% = $278,618.4
Step-by-step explanation:
The total payback for each payment is given by the monthly payment multiplied by the total number of months for the payment period (years).
1) For 30 years at 5%
Total number of months in 30 years = 30 x 12 = 360 months
Payback = $985.07 x 360 = $354,625.2
2) For 20 years at 4.5%
Total number of months in 20 years = 20 x 12 = 240 months
Payback = $1160.91 x 240 = $278,618.4
