Mathematics

Mathematics, 26.06.2019 16:30, cheergirl2133

Joe took out a 5 year loan for 14,700 to buy a new car he has to pay 4.9% simple interest on the loan how much interest will joe have to pay in 5 years .? plz me 23 points plz and explain

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Mathematics, 26.06.2019 23:00, ConnorRecck3140

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 account 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 period will troy receive on his $3,000 if he does not withdraw that money from his savings account? b) how much more interest will he pay to borrow $15,000 than $12,000? why is the $15,000 option reasonable?

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Mathematics, 20.09.2019 22:10, esmeraldavelez63

Mr. fitch needs to get a loan to replace the air-conditioning system in his home. the cost of the replacement, including installation, is $4,348.00. he can apply for a 5-year loan or a 3-year loan. both loans involve simple interest with an annual interest rate of 6.5%. if mr. fitch applies for the 5-year loan, how much more will he pay in interest than with the 3-year loan?

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Mathematics, 20.09.2019 23:00, nicky123415

Mr. fitch needs to get a loan to replace the air-conditioning system in his home. the cost of the replacement, including installation, is $4,348.00. he can apply for a 5-year loan or a 3-year loan. both loans involve simple interest with an annual interest rate of 6.5%. if mr. fitch applies for the 5-year loan, how much more will he pay in interest than with the 3-year loan?

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Business, 16.10.2019 03:30, kenziebug34

Loan interest. sharon is considering the purchase of a car. after making the down payment, she will finance $11,450.00. sharon is offered 3 maturities. on a four-year loan she will pay $284.93 per month. on a five-year loan, sharon’s monthly payment will be $237.68. on a six-year loan they will be $206.39. sharon rejects the four-year loan, as it is not within her budget. how much interest will sharon pay over the life of the five-year loan? of the six-year loan? which should she choose if she bases her decision solely on interest paid?

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Joe took out a 5 year loan for 14,700 to buy a new car he has to pay 4.9% simple interest on the loa...

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