What is 5 1/2 +2 1/7 due in one hour help please
2 answers:
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Hi there!
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I believe your answer is:
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Here’s why:
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Hope this helps you. I apologize if it’s incorrect.
Answer:
The amount will be more by $30000 in the second loan.
Step-by-step explanation:
The loan of $60000 with APR 8% and for 25 years will grow to dollars
So, I have to pay $180000 after 25 years.
Now, if we add $100 per month to this final amount then I have to pay $(180000 + 100 × 25 × 12) = $210000
Therefore, the loan amount will be more by $30000 in the second loan. (Answer)