3. you purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) suppose you pa...
Mathematics, 18.09.2019 15:20 klawess4
3. you purchase a car using a $20,000 loan with a 5% simple interest rate.
(a) suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show your work.
(b) suppose you pay the loan off after 2 years. how much interest do you save by paying the loan off sooner? show your work.
Answers: 1
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An angle that measures between 90 and 180° is called a(,
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Adriana sold 50 shares of a company’s stock through a broker. the price per share on that day was $22.98. the broker charged her a 0.75% commission. what was adriana’s real return after deducting the broker’s commission? a. $8.62 b. $229.80 c. $1,140.38 d. $1,149.00
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