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Mathematics, 01.07.2019 02:30 lukelara
Peter wants to borrow $3,000. he has two payment plans to choose from. plan a is 4% interest over 6 years. plan b is 5% interest over 4 years. using the formula m=p+prt/12t for payment, m, which statement best compares the plans? a. plan a has a monthly payment of about $23 less and a total interest charge of $120 less than plan b. b. plan a has a monthly payment of about $23 less and a total interest charge of $120 more than plan b. c. plan a has a monthly payment of about $23 more and a total interest charge of $120 more than plan b. d. plan a has a monthly payment of about $23 more and a total interest charge of $120 less than plan b.
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Francisco's credit card has an apr of 28.98%, calculated on the previous monthly balance. his credit card record for the last 7 months is shown in the table below francisco is trying to figure out what this all means. answer the following questions: what is the total amount that francisco has paid in interest over the 7 months? what is the total amount that francisco has made in payments over the 7 months? how much of francisco's payments have gone to paying down the principal on his account? what is francisco's new balance at the end of month 8? what will francisco be charged for interest for month 8?
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Peter wants to borrow $3,000. he has two payment plans to choose from. plan a is 4% interest over 6...
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