Answer:
2.
Step-by-step explanation:
Complete the math in the brackets (4a + 1)
Multiple each term in the brackets by 4a
4a (8a - 4a + 1)
4a (4a + 1)
16a^2 + 4a
Rounding 2.199. The tenths digit is 1, which is 4 or less, so you will round down. Re-write 2.199 without the decimal places: 2 . So 2.199 rounds to 2.
**Eddie: $72000/(14yr*12mo)=428.6$/mo+428.6$*(4.7%)/100%
Eddie pays 428.6$/mo+20.14$/mo. If he pays off his loan 6 years earlier he would save: $20.14*6yr*12mo= $1450.08
**Lee: $92000/(14yr*12mo)=547.62$/mo+547.62$*(4.7%)/100%
Lee pays 547.62$/mo+25.74$/mo. If he pays off his loan 6 years earlier he would save: $25.74*6yr*12mo=$1853.28
So its A. <span>Lee would save more, since he has $20,000 more in principal.</span>
