Mathematics, 05.08.2020 05:01 xbeatdroperzx

Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. Using the amortization table provided, what will be his total finance charge over the course of his loan?
Monthly Payment per $1,000 of Principal
Rate 1 Year 2 Years 3 Years 4 Years 5 Years
6.5% $86.30 $44.55 $30.65 $23.71 $19.57
7.0% $86.53 $44.77
$30.88
$23.95
$19.80
7.5% $86.76 $45.00
$31.11
$24.18
$20.04
8.0% $86.99 $45.23
$31.34
$24.41
$20.28
8.5% $87.22 $45.46
$24.65
$24.65
$20.52
9.0% $87.45 $45.68
$31.80
$24.89
$20.76
A.
$355.65
O
B.
$975.00
C.
$1,682.40
D.
$2,071.20
E. $17,071.20
Reset
Next
© 2020 Edmentum. All rights reserved.

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 16:40

14 pointslet x be the seats in the small van and y the seats in the large van. how many seats does the large van have? a company uses two vans to transport worker from a free parking lot to the workplace between 7: 00 and 9: 00a.m. one van has 9 more seats than the other. the smaller van makes two trips every morning while the larger one makes only one trip. the two vans can transport 69 people, maximum.how many seats does the larger van have?

Answers: 1

Answer

Mathematics, 21.06.2019 19:40

Suppose that 3% of all athletes are using the endurance-enhancing hormone epo (you should be able to simply compute the percentage of all athletes that are not using epo). for our purposes, a “positive” test result is one that indicates presence of epo in an athlete’s bloodstream. the probability of a positive result, given the presence of epo is .99. the probability of a negative result, when epo is not present, is .90. what is the probability that a randomly selected athlete tests positive for epo? 0.0297

Answers: 1

Answer

Mathematics, 21.06.2019 21:30

Acyclist bike x distance at 10 miles per hour .and returns over the same path at 8 miles per hour.what is the cyclist average rate for the round trip in miles per hour ?

Answers: 1

Answer

Mathematics, 22.06.2019 03:00

An observer(o) spots a plane(p) taking off from a local airport and flying at a 29 degree angle horizontal to her line of sight and located directly above a tower(t). the observer also notices a bird circling directly above her. if the distance from the plane(p) to the tower(t) is 6,000ft., how far is the bird(b) from the plane(p).

Answers: 2

Answer

You know the right answer?

Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. U...

Questions

Mathematics, 18.08.2019 15:30

In the town of sleepy oak. the fine for speeding ticket is $32.65 + s dollars. where s is the miles per hour over the speed limit. a. what is th...