URGENT WILL MARK AS BRAINLIEST Benjamin considers purchasing a car for $35,000. He has been approved for a 6-year loan for $30,000 with an interest rate of 5.25%. He also has the option to lease the car for $600 per month for 6 years with a $2,500 down payment. Using the loan amortization formula, how much money does Benjamin save over the 6 years if he purchases the car? Do not consider the future value of the car in your answer. Enter your answer as a dollar amount, such as: $4253

$1250

Step-by-step explanation:

Given data:

Cost of car = $35,000

Down payment made = $2500

Interest rate = 5.25%

Duration of loan = 6 years

Loan Amount = $3000

Solution:

I = prt/100

where

I = interest

p = principal ($30,000)

r = 5.25%

t = 6

I = $30,000 * 5.25 * 6 /100

= $9450

interest payable on the loan in 6 years is $9450.

Rental

=$600 monthly * 6(12)

= $43,200

Amount made from renting the car is $43,200.

• Money saved by Benjamin in 6 years

= $43,200 – $32500 + $9450

= $43,200 – $41,950

= $1250

Benjamin would have saved $1250 in 6 years.

proofs involving isosceles triangles often require special consideration because an isosceles triangle has several distinct properties that do not apply to normal triangles.(more about triangle types) therefore, when you are trying to prove that two triangles are congruent, and one or both triangles, are isosceles you have a few theorems that you can use to make your life easier.

step-by-step explanation:

an isosceles triangle has two congruent sides and two congruent angles. the congruent angles are called the base angles and the other angle is known as the vertex angle. ∠bac and ∠bca are the base angles of the triangle picture on the left. the vertex angle is ∠abc