Step-by-step explanation:
5⁵ − 5⁴ + 5³
Factor 5³.
5³ (5² − 5 + 1)
5³ (25 − 5 + 1)
5³ (21)
21 is a multiple of 7, so 5⁵ − 5⁴ + 5³ is a multiple of 7.
Answer:
Step-by-step explanation:
Answer:
- 20-year fixed-rate at 7.5%
- $106,219.32
Step-by-step explanation:
The shorter the term, the lower the amount of interest.
The lower the interest rate, the lower the amount of interest.
The loan that has both a shorter term and a lower interest rate will cost less in interest.
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The total of payments for the 30-year loan is 396,232.87.
The total of payments for the 20-year loan is 290,013.55.
The amount saved by taking the shorter loan is the difference of these amounts: $106,219.32.
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You can use an amortization formula, spreadsheet, or a financial calculator to compute the payments for each loan. The total repayment amount is the product of the monthly payment and the number of them, 360 for the 30-year loan; 240 for the 20-year loan.
Answer:
-10
Step-by-step explanation:
Answer:
k
Step-by-step explanation:
