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
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 16:50, tahmidtaj150
What is the perimeter of square abcd? units units 28 units 37 units
Answers: 2
Mathematics, 21.06.2019 19:00, heartykwarteng12
The reflexive property of congruence lets you say that ∠pqr ≅
Answers: 1
Mathematics, 21.06.2019 19:30, BarcaOsama
Which of the following is the explicit rule for a geometric sequence defined a recursive formula of a -5a for which the first term is 23?
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 in other subjects:
Mathematics, 12.03.2021 05:40
Mathematics, 12.03.2021 05:40
Mathematics, 12.03.2021 05:40
Social Studies, 12.03.2021 05:40
Mathematics, 12.03.2021 05:40
