Mathematics, 23.05.2021 22:30 mlbaker265
Help plz I need the correct answers ASAP and that's my last marking period 4 and I'm in grade 12th
It's homework: Comprehension Questions - 3.1 Credit Basics:
Question 10: it's part 1 multiple choice questions and Part II: Analyze: Understanding Amortization
Janet just graduated from college, has a job she’s scheduled to begin in 3 months, and has decided to treat herself to 6 weeks of travel across South America before she buckles down and starts working full-time. To do the trip, she’s thinking of applying for a personal loan of $3500, and the bank she uses for her checking and savings account has offered her an interest rate of 24%. She has a goal of paying off the trip within two years, so she uses a Bankrate. com loan calculator and gets the following amortization schedule:
4) How many months does it take Janet to pay off her loan?
5) What is the total amount of interest Janet will pay at the end of the loan?
Answers: 2
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Help plz I need the correct answers ASAP and that's my last marking period 4 and I'm in grade 12th...
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