Holly is taking out a loan in the amount of $10,000. Her choices for the loan are a 6-year loan at a 4% annual simple interest and a 4-year loan at 3.75% annual compound interest. What is the difference in the amount of interest Holly would have to pay for each of these two loans?

the answer to your question is c.)   volcanoes built the mountains and earthquakes tore them down.

step-by-step explanation:

$320 to $405

step by step explanation:

in one day he earns between $64 and $81

therefore if he works for 5 days, he will earn between 64 x 5 to 81 x 5

= $320 to $405

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.