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Mama L [17]
2 years ago
8

HELP PLS IM DUM

Mathematics
1 answer:
Andrews [41]2 years ago
5 0

ur not dum

Answer:

Paul

Step-by-step explanation:

Paul earn more than monica. Though he is getting less interest but because of his higher initial amount he is getting more return.

Computing the return of both

Monica return is  100*3.4%= $3.4 in a year

Paul return is 200*%2.2=  $4.4 in a year.

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alukav5142 [94]

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<h3>What is money factor?</h3>

It is defined as the ratio of the annual percentage rate to 2400. Usually, it can be used to calculating the financing costs of a lease with monthly installments.

Bob is thinking about leasing a car, the lease comes with an interest rate of 8%.

The annual percentage rate(APR) = 8%

We know the formula for finding the money factor is given by:

\rm Money \ factor = \frac{APR}{2400}

\rm Money \ factor = \frac{8}{2400}

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