Mathematics, 04.11.2020 19:00, gd9075

Frank and Emily each take out a $160,000 loan for a new house. Each has to repay the loan in 20 years. Frank will pay an interest rate of 2.9% per year. His monthly payments will be $885. Because Emily has a lower credit score, she will have to pay an interest rate of 4.3% per year. Her monthly payments will be $995. How much more will a $160,000 loan cost Emily than Frank?

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 12:40, katrinanuez

The graph below could be the graph of which exponential function?

Answers: 2

continue

Mathematics, 21.06.2019 18:00, SuperWoman9172

When y’all answer can y’all explain too !

Answers: 1

continue

Mathematics, 21.06.2019 18:10, mayamcmillan11

An initial investment of $100 is now valued at $150. the annual interest rate is 5%, compounded continuously. the equation 100e0.05t = 150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested? use your calculator and round to the nearest whole number. years

Answers: 3

continue

Mathematics, 21.06.2019 18:30, Calmalemi

Find the area of the regular hexagon if a side is 20 cm.

Answers: 2

continue

Do you know the correct answer?

Frank and Emily each take out a $160,000 loan for a new house. Each has to repay the loan in 20 year...