subject
Mathematics, 25.11.2021 06:00 eliana12

Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15 years, and the second loan has a 4.8% interest rate for 20 years. Both loans have interest compounded every month. Veronica is interested in finding the loan that minimizes the amount of interest that she will pay over the life of the loan. Which loan has a lower amount of interest paid?

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:40, Alex9089435028
The sum of two numbers is 86, and their difference is 20. find the two numbers
Answers: 2
image
Mathematics, 21.06.2019 17:30, rainbowsauxe
Is it true or false i’m trying to pass this test so i can leave school
Answers: 2
image
Mathematics, 21.06.2019 21:20, pampam49
An office supply company conducted a survey before marketing a new paper shredder designed for home use. in the survey, 80 % of the people who tried the shredder were satisfied with it. because of this high satisfaction rate, the company decided to market the new shredder. assume that 80 % of all people are satisfied with this shredder. during a certain month, 100 customers bought this shredder. find the probability that of these 100 customers, the number who are satisfied is 69 or fewer.
Answers: 2
image
Mathematics, 21.06.2019 23:10, rodrickahammonds
Which expression is equivalent to -12(3x-3/4)
Answers: 2
You know the right answer?
Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15 y...

Questions in other subjects:

Konu
Mathematics, 15.10.2019 18:00
Konu
History, 15.10.2019 18:00
Konu
Health, 15.10.2019 18:00