animestorm552 animestorm552

06-03-2020
Mathematics

contestada

Sarah takes out a loan for $30,000. She has two choices for the loan; a 5 year loan with 5% simple interest or a 7 year loan with 4% compound interest. What is the difference in the amount of interest she would owe?

Respuesta :

Homewerk Homewerk

06-03-2020

Answer:

5%

Total interest paid:

$5,617.46

Total payments:

$35,617.46

4%

Total interest paid:

$4,445.43

Total payments:

$34,445.43

Your Anwser Would Be 1172.03

Answer Link

Otras preguntas

A protein may consist of as many as _____ amino acid molecules. 500 2,000 5,000 48

Link between economic wants and preferences

Which of the following is not a threatening action taken by Bob Ewell? spitting in Atticus' face following Tom's children to church creeping around Judge Taylor

An acid a. has a high pH in solution. b. turns blue litmus paper to red. c. releases hydroxyl ions in solution. d. has more hydroxyl than hydrogen (or hydro

Which statement best explains why cells were observed in more detail using a compound microscope than a simple microscope?

Under the 14th Amendment, who protects and guarantees individual rights in the United States? A. the federal government B. the armed forces C. the loc

In the 1920s, the danger of buying stock on margin was that if the value of the stock dropped, borrowers a had to make up the difference. b lost ownership of th

Why is meiosis important for organisms? It allows for genetic variation among organisms. It determines which genes are dominant and which are recessive. It prod

Geography helped ensure that the people of the phoenician empire would be

Please tell me why King George was such a tyrant! Dying to know!

Q&A Platform for Education Platform Explore for Education