Mathematics
Mathematics, 26.04.2021 23:00, kdawg203

Jasmine is taking out a small business loan for her floral
shop. she plans to apply for a
$30,000 loan with a 5-year term
and a 3.75% interest rate. she is
unsure of her expected
monthly profits, so she wants to
know the benefit of a smaller
loan. Using the loan
amortization formula, how
much money would jasmine
save over the life of the loan if
she were to borrow $10,000
less?

answer
Answers: 3

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Jasmine is taking out a small business loan for her floral
shop. she plans to apply for a

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