You are considering taking out one of two loans. Loan R has a principal of $17,550, an interest rate of 5.32%
(compounded monthly), and a duration of seven years. Loan S has a principal of $15,925, an interest rate of 6.07%
(compounded monthly), and a duration of nine years. Assuming that you pay back each in monthly intervals, which loan
will have a greater lifetime total, and how much greater will it be? Round all dollar values to the nearest cent.
a. Loan S's lifetime total will be $1,274.12 greater than Loan R's.
b. Loan S's lifetime total will be $32.99 greater than Loan R's.
c. Loan R's lifetime total will be $350.88 greater than Loan S's.
d. Loan R's lifetime total will be $58.96 greater than Loan S's.
Please select the best answer from the choices provided
A
Answers: 3
Chemistry, 22.06.2019 09:20
What happened to the amount of carbon dioxide in the atmosphere from 2010β2017?
Answers: 1
Chemistry, 22.06.2019 12:10
Building glycogen from glucose molecules is an example of
Answers: 3
Chemistry, 22.06.2019 16:00
About 3% of the water on earth is freshest. only about 40% of that freshwater is available for human use. why is so much freshwater unavailable for human use?
Answers: 2
Chemistry, 22.06.2019 23:00
Movement that is like a t a type of wave that transfers energy where the particles in the medium move in a circle motion while the energy travels left or right. a type of wave that transfers energy where the particles in the medium move perpendicular to the direction in which the energy is traveling. transfers energy from one location to another a type of wave that transfers energy where the particles in the medium move parallel to the direction in which the energy is traveling. movement that is back and forth, like an equal sign = 1. wave 2. parallel movement 3. perpendicular movement 4. transverse wave 5. longitudinal wave 6. surface wave
Answers: 1
You are considering taking out one of two loans. Loan R has a principal of $17,550, an interest rate...
Computers and Technology, 25.10.2019 02:43
Mathematics, 25.10.2019 02:43
Mathematics, 25.10.2019 02:43
Mathematics, 25.10.2019 02:43
History, 25.10.2019 02:43
History, 25.10.2019 02:43
Mathematics, 25.10.2019 02:43
Mathematics, 25.10.2019 02:43
Biology, 25.10.2019 02:43
Geography, 25.10.2019 02:43