Mathematics, 22.01.2021 05:30 Tink2334
Armando needs to borrow $1,250 for 5 years. His current bank charges 4.8% interest compounded annually, while a credit union charges a 5.2% simple interest rate. Which bank will result in the smaller amount of money Armando will have to pay back at the end of 5 years? Round to the nearest hundredth.
Calculate the total amount Armando will have to pay back to his current bank.
A = $2,104.13
A = $8.876.03
A = $9,540.93
A = $1,580.22
Answers: 3
Another question on Mathematics
Mathematics, 21.06.2019 16:20
Taking algebra two apex courses and need with these questions
Answers: 1
Mathematics, 21.06.2019 17:30
Miguel’s teacher asks him to color 4/8 of his grid. he must use 3 colors: red, blue, and green. there must be more green sections than red sections. how can miguel color all the sections of his grid to follow all the rules
Answers: 1
Mathematics, 21.06.2019 20:30
Adecorative window is made up of a rectangle with semicircles at either end. the ratio of ad to ab is 3: 2 and ab is 30 inches. what is the ratio of the area of the rectangle to the combined area of the semicircles? possible answers: a. 2: 3 b. 3: 2 c. 6: π d. 9: π e. 30: π
Answers: 1
You know the right answer?
Armando needs to borrow $1,250 for 5 years. His current bank charges 4.8% interest compounded annual...
Questions
Mathematics, 04.10.2019 22:30
Computers and Technology, 04.10.2019 22:30
History, 04.10.2019 22:30
Arts, 04.10.2019 22:30
English, 04.10.2019 22:30
Computers and Technology, 04.10.2019 22:30
Mathematics, 04.10.2019 22:30
Business, 04.10.2019 22:30
