Hank has the choice of taking out a 30-year loan for $165,000 at 9.1%
interest, compounded mon...
Mathematics, 26.11.2019 21:31 dondre54
Hank has the choice of taking out a 30-year loan for $165,000 at 9.1%
interest, compounded monthly, or the same loan at 20 years for a higher
monthly payment. how much more is the monthly payment for the 20-year
loan than the monthly payment for the 30-year loan?
o
o
o
a. $155.66
b. $90.05
c. $99.19
o
d. $56.47
Answers: 2
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At the beginning of 1974/75,2 years a man invested #2000 in a bank at 12.5% compound interest, if it degree #650 at the end of each two years to pay his son's school fees, after payment of interest to pay his son's school fees, how much did he have left at the beginning of the 1978/79 school year?
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