You purchase a car using a $20,000 loan with a 5% simple interest rate. (
a. suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show yourwork and don't forget the unit! (
b. suppose you pay the loan off after 3 years. how much interest do you save by paying the loan offsooner? show your work and don't forget the unit. answer:
a.
b.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You purchase a car using a $20,000 loan with a 5% simple interest rate. ( a. suppose you pay the loan off after 4 years. how much interest ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Margaritas is a very popular restaurant. Occasionally, the restaurant provides lunch and/or dinner for a local charity house. Each lunch costs $6.50. Each dinner costs $10.25.
Answers (1)
If the per-worker production function is given by y = k1/2, the saving rate (s) is 0.2, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is:
Answers (1)
How do i solve 4t 10-5-3t
Answers (1)
Write as an equation. 60 is 2 more than the product of 5 and N.
Answers (1)
What is the area of a room in feet scaled at 1:20 when the measurements are 4 inches wide and 5 inches in length
Answers (1)
New Questions in Mathematics
What are the factors of 34
Answers (1)
Find the area of the rectangle 9ft and 14ft
Answers (1)
Ms. Alvarez wants to determine the seventh graders' preferences for the location of the end-of-year field trip. Which of the samples is representative of the population?
Answers (1)
finding the percent of increase or decrease
Answers (1)
A stadium has two sponsorship deals. Deal A had revenue of $100,000 and expense of $10,000. Deal B has revenue of $50,000 and expenses of $20,000. What is the stadium's average profit as a percentage of revenue on these two deals?
Answers (2)