subject
Mathematics, 01.12.2021 05:00 HistoryLee

Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15 years, and the second loan has a 4.8% interest rate for 20 years. Both loans have interest compounded every month. Veronica is interested in finding the loan that minimizes the amount of interest that she will pay over the life of the loan. Which loan has a lower amount of interest paid? the 15-year, 6.3% loan

the 20-year, 4.8% loan

Both loans charge the same amount of interest.

Not enough information is provided to determine the amount of interest that will be paid for each loan.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
Ageologist had two rocks on a scale that weighed 4.6 kilograms together.rock a was 0.5 of the total weight.how much did rock a weigh?
Answers: 1
question
Mathematics, 21.06.2019 20:00
Ke’ajah has a coupon for 1/3 off the regular price, t, of a tent. which expression represents the price of the tent using the coupon? select the two correct expressions. a. 1/3t b. 2/3t c. t - 1/3 d. t - 2/3 e. t - 1/3t f. t - 2/3t
Answers: 1
question
Mathematics, 21.06.2019 23:00
Afamily went out to dinner and their bill was $113.if they want to leave a 19% tip, how much should they leave.
Answers: 2
question
Mathematics, 21.06.2019 23:00
In triangle △abc, ∠abc=90°, bh is an altitude. find the missing lengths. ac=26 and ch=8, find bh.
Answers: 3
You know the right answer?
Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15 y...
Questions
question
Mathematics, 28.01.2020 04:31
question
Geography, 28.01.2020 04:31
Questions on the website: 13722363