subject
Mathematics, 03.05.2021 02:20 zack66828

Mr. Ye is considering two different loan options for $12,000 to fund a home
improvement project. Option 1 is to borrow
this money for 4 years at 4.25% annual
simple interest. Option 2 is to borrow the
money for 5 years at 3.4% annual simple
interest. If no payments are made until the
end of the loan period, which statement is
true regarding this situation?
A The loan amount plus interest owed at
the end of the loan period is greater for
Option 1 than for Option 2.
B The loan amount plus interest owed at
the end of the loan period for Option 1
is equal to that of Option 2.
C The loan amount plus interest owed at
the end of the loan period is less for
Option 1 than for Option 2.
D The length of time money is borrowed
has no affect on the total cost of a loan
since it is the interest rate alone that
determines the total loan cost.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 18:50
Given: pqrs is a parallelogram prove: pr and qs bisect each other at t
Answers: 1
question
Mathematics, 21.06.2019 19:00
The fraction 7/9 is equivalent to a percent that is greater than 100%. truefalse
Answers: 1
question
Mathematics, 21.06.2019 21:40
Will mark name all segments skew to bc
Answers: 2
question
Mathematics, 22.06.2019 02:00
The table shows values for functions f(x) and g(x) . x f(x)=−4x−3 g(x)=−3x+1+2 −3 9 179 −2 5 53 −1 1 1 0 −3 −1 1 −7 −7 2 −11 −25 3 −15 −79 what is the solution to f(x)=g(x) ? select each correct answer.
Answers: 1
You know the right answer?
Mr. Ye is considering two different loan options for $12,000 to fund a home
improvement proj...
Questions
question
Geography, 20.05.2020 08:57
question
Chemistry, 20.05.2020 08:57
question
Biology, 20.05.2020 08:57
question
Mathematics, 20.05.2020 08:57
question
Mathematics, 20.05.2020 08:57
question
Mathematics, 20.05.2020 08:57
Questions on the website: 13722362