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:
0.8
Step-by-step explanation:
The annual factor will be found by dividing any year's population by the population of the year before. The points most easily read from the graph are the populations for years 0 and 1. Then the annual factor is ...
factor = (year 1 population)/(year 0 population) = 320/400
factor = 0.8
4x + 12 = 48
4x = 48 -12
4x = 36
x= 36 / 4
x= 9
Each ticket is $9.
The drain pipe can drain (1/2) of the tank in 1 hour.
The fill pipe can fill (1/6) of the tank in 1 hour.
Working together, the pipes will drain the tank in (1/2) - (1/6) hours.
(1/2) - (1/6) = (3/6) -(1/6) = (2/6) or (1/3) of an hour.
So, working together, it will take 3 hours.
Answer: The statue is 9 feet tall.
Step-by-step explanation: Just double all of your values because 12 is 6x2.
