Mathematics, 15.08.2021 01:00 quincytonia

MELJE - Mathematics for Everyday Life Unit 3 - Lesson 13
Key Question #13 (continued)
4. Describe the effect on the amount of the payment and the total cost of the loan for
each of the following situations. (6 marks)
a. The interest rate changes to 7.9% from 6.5%.
b. A down payment of $2500 was paid.
c. The length of the loan was increased to 4 years instead of 3 years.
5. Give two advantages and two disadvantages of borrowing. (4 marks)

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MELJE - Mathematics for Everyday Life Unit 3 - Lesson 13
Key Question #13 (continued)
4...

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