1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lynna [10]
2 years ago
9

Sophia wants to take out a loan of $6,000 with interest that compounds monthly. Use the formula A = P(1 + rn)n∗t to find which o

f these loan terms will have the lowest total cost. A) 2 years at 4% interest B) 3 years at 3% interest C) 4 years at 1% interest D) 5 years at 2% interest
Mathematics
1 answer:
Naddika [18.5K]2 years ago
4 0

Answer:

d

Step-by-step explanation:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

a. 6000x (1 + 0.04/12)^24 = 6498.86

b. . 6000x (1 + 0.03/12)^36 =6564.31

c. . 6000x (1 + 0.01/12)^48 = 6244.76

d. . 6000x (1 + 0.05/12)^60 =6630.47

You might be interested in
Since spring started, Kareem has been surveying the growth of leaves on his neighborhood trees. He goes out every day and comput
Lynna [10]

Answer:

AAAAAAA

Step-by-step explanation:

did it on edge

7 0
1 year ago
Evaluate.<br> (4/9)^2 pleaseee
vekshin1

Answer:

simplified: (16/81)

rewritten: (2/3)^4

Step-by-step explanation:

hope this helps! if wrong you can delete it :)

3 0
2 years ago
SUPER EASY
goblinko [34]
<span>3(x + 5) = 3 · x + 3 · 5</span>
6 0
3 years ago
Read 2 more answers
The volleyball team raised $350 from its fundraiser. It wants to buy jerseys and volleyballs. The jerseys cost $12 each, and the
Anna71 [15]

Answer:

6

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
(b^2)^o=b^8 <br> a 6<br> b 4<br> c 3<br> d 1/16
jenyasd209 [6]

Answer:

(b^2)^o=b^8

a 6

b 4

the answer is A.6

5 0
3 years ago
Other questions:
  • John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid
    10·2 answers
  • Calculate the length of a minor arc OP in terms of π​
    14·2 answers
  • What are the equations &amp; answer to these 2 problems ?
    8·1 answer
  • What is 8,147 ÷ 24 with a remainder
    8·1 answer
  • Find f(-3) if f(x) = x^2.
    13·1 answer
  • The directed line segment, AB¯, contains the points A(−2,6)
    7·1 answer
  • Area of composite figures 8m 8m 8m
    15·1 answer
  • Martin decided to buy 2 bags of grapes weighing 5 and two-thirds pounds each, instead of the 3 bags weighing 4 and one-fifth pou
    7·2 answers
  • 1/3(z+4)-6=2/3(5-z) ​
    6·1 answer
  • Calculate the side lengths using the given scale.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!