subject
Mathematics, 27.01.2021 21:10 sg3635939

Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 loan with a 5-year term and a 3.75% interest rate. She is unsure of her expected monthly profits, so she wants to know the benefit of a smaller loan. Using the loan amortization formula, how much money would Jasmine save over the life of the loan if she were to borrow $10,000 less?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:40
In what form is the following linear equation written y=9x+2
Answers: 1
question
Mathematics, 21.06.2019 20:00
Mat bought a phone for $100. he has to pay $30 per mouth. if he has paid $640 in total, how many mouth has he had the phone?
Answers: 2
question
Mathematics, 22.06.2019 01:30
15 liters is approximately how many gallons
Answers: 2
question
Mathematics, 22.06.2019 02:00
The half-life of a certain material is 0.004 second. approximately how much of a 20-gram sample will be left after 0.016 second? a. 5 grams b. 16 grams c. 0.32 gram d. 1.25 grams
Answers: 3
You know the right answer?
Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 lo...
Questions
Questions on the website: 13722360