Question 1
Use PMT = 
. Round to the nearest dollar.
Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the loan.
◦ $244; $1712
◦ $286; $13,728
◦ $698; $23,504
◦ $244; $11,712
Question 2
Use PMT = . Round to the nearest dollar.
Suppose that you borrow $15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments:
Installment Loan A: three-year loan at 5.9%
Installment Loan B: five-year loan at 6.9%.
Find the monthly payments and the total interest for both Loan A and Loan B. Compare the monthly payments and the total interest for the two loans.
◦ Loan A: $456, $1416; Loan B: $296, $2760; The monthly payment is lower with the longer-term loan but the total interest is less with the shorter-term loan.
◦ Loan A: $296, $2760; Loan B: $456, $1416; The monthly payment is lower with the shorter-term loan but the total interest is less with the longer-term loan.
◦ Loan A: $897, $17,292; Loan B: $894, $38,640; The monthly payment is lower with the longer-term loan but the total interest is less with the shorter-term loan.
◦ Loan A: $894, $38,640; Loan B: $897, $17,292; The monthly payment is lower with the shorter-term loan but the total interest is less with the longer-term loan.
Round and wrinkled phenotypes
Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round
Calculate the distance from point R(17,5) to the line ... Round to the nearest tenth of a
Find the measure of angle L to the nearest degree
What is the value of cos θ, rounded to the nearest tenth.
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...