The Sanchez Family pays $1,975 per month to rent a four-bedroom house. They are planning to buy a house and make monthly payment
1 answer:
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Answer:
Bank of Texas = $10,031.35
United Texas Bank = $10,500.00
Step-by-step explanation:
Bank of Texas
A=P(1+rt)
P=$7,500
r=6.75%
t=5 years
$10,031.35
refer the pic
United Texas Bank
A=P(1+rt)
P=$7,500
r=8%
t=5 years
$10,500.00
refer the sec pic
