Troy is buying a car that costs $15,000. He
plans to get a 5-year loan to pay for it. He
can...
Mathematics, 26.12.2021 23:40 mrens8
Troy is buying a car that costs $15,000. He
plans to get a 5-year loan to pay for it. He
can get a loan for $15,000 or he can pay
$3,000 from his savings and get a loan
for the rest. The savings account pays 2%
simple interest per year. The simple interest
rate for the loan is 0.5% per year.
a. How much interest over a 5-year
Answers: 2
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