Mathematics, 30.01.2020 07:44 timothytomas2046
Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. bank f charges an interest rate of 5.7%, compounded monthly, and requires that the loan be paid off in eight years. bank g charges an interest rate of 6.2%, compounded monthly, and requires that the loan be paid off in seven years. how would you recommend that yvette choose her loan?
a. bank f offers a better loan in every regard, so yvette should choose it over bank g’s.
b. yvette should choose bank f’s loan if she cares more about lower monthly payments, and she should choose bank g’s loan if she cares more about the lowest lifetime cost.
c. yvette should choose bank g’s loan if she cares more about lower monthly payments, and she should choose bank f’s loan if she cares more about the lowest lifetime cost.
d. bank g offers a better loan in every regard, so yvette should choose it over bank f’s.
Answers: 1
Mathematics, 21.06.2019 15:00, gustavoroggero39
The lee family bought their home for $220,000 this year. the equation =220,000(1.038) v = 220 , 000 ( 1 . 038 ) x can be used to find the value, v, of their home after x years. which will be the value of the lee family's home in 5 years?
Answers: 1
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