Mathematics, 14.01.2021 21:40 chakairarodney8407
5. David has a credit rating of 750. Ethan has a credit rating of 630. David and Ethan apply for identical loans
from First Bank. David is approved for a loan at 4.2% interest and Ethan is approved for a loan that charged 2
percentage points higher because of his inferior credit rating.
a. What interest rate is Ethan charged?
b. If you consider that David and Ethan took out loans for $6,000 to be paid back over 4 years, how much will
each end up paying in interest?
Answers: 2
Mathematics, 21.06.2019 23:00
What ia the sum if the first 7 terms of the geometric series
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Mathematics, 21.06.2019 23:30
Xy x xy if a and b are positive integers such that a*b=9 and b*a=72 what is the value of a/b
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5. David has a credit rating of 750. Ethan has a credit rating of 630. David and Ethan apply for ide...
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