Mathematics, 25.03.2021 19:50 jholland03
10. The Jacksons are taking out a $35,000 loan to remodel their home. The tables below show the
rates for a 1-year and 5-year loan from two different lenders. Complete each table to calculate the
total repayment and interest paid for each loan offer.
LOAN AMOUNT
TERM
RATE
MONTHLY
PAYMENTS
TOTAL
REPAYMENT
INTEREST
PAID
$35,000
4.99%
$2,996.10
1 year
5 years
$35,000
4.99%
$660.33
Which term length would result in the lowest total repayment for the Jackson's, and how much lower
would it be?
Which term length would result in the lowest total repayment and by how much?
Answers: 3
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Imogene invested $8,000 in a bank account that pays 8 percent simple interest at the end of each year. her friend invested the same amount in stocks where the growth of the investment is represented as 2,000 times the square root of 2 less than the time lapsed in years. if y1 and y2 represent the amount earned in dollars and t is the time lapsed in years, which system of equations correctly represents the situation?
Answers: 1
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Answers: 1
Mathematics, 22.06.2019 01:30
The unpaid balance on a mastercard charge was $1,056.23. during the month, payments of $300 and $250 were made and charges of $425 and $274.16 were added. if the finance charge is 1.2% per month on the unpaid balance, find the new balance at the end of the month. $1,205.39 $1,218.06 $918.06 $1,768.06
Answers: 2
10. The Jacksons are taking out a $35,000 loan to remodel their home. The tables below show the
rat...
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