Eduardo is considering taking out a 30-year loan with monthly payments of $175 at an APR of 3.3%, compounded monthly, and this equates to a loan of $39,958.42. Assuming that the APR and the length of the loan remain fixed, which of these is a correct statement? A. If Eduardo's monthly payment were $165, the amount of the loan that he is considering taking out would be more than $39,958.42. B. If Eduardo's monthly payment were $155, the amount of the loan that he is considering taking out would be less than $39,958.42. C. If Eduardo's monthly payment were $185, the amount of the loan that he is considering taking out would be less than $39,958.42. D. If Eduardo's monthly payment were $145, the amount of the loan that he is considering taking out would be more than $39,958.42.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Eduardo is considering taking out a 30-year loan with monthly payments of $175 at an APR of 3.3%, compounded monthly, and this equates to a ...” 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
If a florist worked 15 hours last week and earned $112.50, how much will she earn if she works 10 hours?
Answers (2)
The table shows the steps for solving the given inequality for x. -3 (4 - 6x) < x + 5 Select the reason for each step from the drop-down menus. -3 (4 - 6x) < x + 5 Given -12 + 18x < x + 5 -12 + 17x < 5 Subtraction Property of Order 17 x < 17 x < 1
Answers (1)
If a cylinder has the same height and diameter as the cone above what is the volume of that cylinder?
Answers (1)
If it is 40 degrees Celsius, what is the temperature in Fahrenheit? A. 40 degrees B. 104 degrees C. 54 degrees D. 102 degrees
Answers (1)
Luke is x years old. Kate is half of Luke's age. Adam is 6 years younger than Kate. Adam is 4 years old. How old is Luke?
Answers (2)
New Questions in Mathematics
Based on the pull of gravity which model shows how long it will take the ball to hit the ground?
Answers (1)
3 (x - 6) + 6 = 5x - 6. what is the solution
Answers (1)
A painter rented a wallpaper steamer at 9am and returned it at 4pm he paid a total of 28.84 what was the total rental cost per hour
Answers (1)
Find the slope of the equations: 3) 2x-y=10 4) 5x-2y = 10 Write a linear equation in slope intercept form of a line: slope = - 3 and goes thru (-1, - 2)
Answers (1)
The product of - 2 and a number minus 6 is greater than - 18
Answers (1)