Mathematics, 11.10.2021 21:30 vpowell5371
Ed wants to buy a car for $17,500. His Credit union approves him for a car loan with a 6.8% APR as long as you puts 20% down. He is looking into the following options.
1) How much money would Ed have to put down to qualify for the loan?
2) What would the loan amount be?
Option A: Pay $400 per month.
3) What would be the length of his loan? Round to the nearest tenth of a year.
4) What is the total amount of interest Ed would pay over the life of this loan?
Option B: Pay $350 per month.
5) What would be the length of his loan? Round to the nearest tenth of a year.
6) What is the total amount of interest Ed would pay over the life of this loan?
Answers: 3
Another question on Mathematics
Mathematics, 21.06.2019 18:30
Dakota earned $7.50 in interest in account a and $18.75 in interest in account b after 15 months. if the simple interest rate is 4% for account a and 5% for account b, which account has the greater principal? explain. to make it a little easier, there is an image. good luck!
Answers: 1
Mathematics, 21.06.2019 18:30
The volume of gas a balloon can hold varies directly as the cube of its radius. imagine a balloon with a radius of 3 inches can hold 81 cubic inches of gas. how many cubic inches of gas must be released to reduce the radius down to 2 inches?
Answers: 1
Mathematics, 21.06.2019 19:30
Order the measurements from the least to the greatest. 2,720 ml , 24.91 l , 0.0268 kl
Answers: 1
You know the right answer?
Ed wants to buy a car for $17,500. His Credit union approves him for a car loan with a 6.8% APR as l...
Questions
Mathematics, 18.01.2020 01:31
Mathematics, 18.01.2020 01:31
Mathematics, 18.01.2020 01:31
Social Studies, 18.01.2020 01:31
Physics, 18.01.2020 01:31
Social Studies, 18.01.2020 01:31
Biology, 18.01.2020 01:31
Mathematics, 18.01.2020 01:31
Health, 18.01.2020 01:31
Mathematics, 18.01.2020 01:31
English, 18.01.2020 01:31
Geography, 18.01.2020 01:31
History, 18.01.2020 01:31
