Mathematics, 27.06.2019 20:00 ash34321
Jason is considering taking out a 20-year loan with monthly payments of $140 at an apr of 5.1%, compounded monthly, and this equates to a loan of $21,037.05. assuming that the apr and the length of the loan remain fixed, which of these is a correct statement? a. if jason's monthly payment were $190, the amount of the loan that he is considering taking out would be less than $21,037.05. b. if jason's monthly payment were $110, the amount of the loan that he is considering taking out would be more than $21,037.05. c. if jason's monthly payment were $130, the amount of the loan that he is considering taking out would be less than $21,037.05. d. if jason's monthly payment were $120, the amount of the loan that he is considering taking out would be more than $21,037.05.
Answers: 1
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Jason is considering taking out a 20-year loan with monthly payments of $140 at an apr of 5.1%, comp...
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