A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

Martin and Linda each have a 3% interest rate on a loan of $8500. Martin’s monthly payment for a 4-year term is $188. Linda’s monthly payment for a 3-year term is $247. How much more in interest will Martin pay than Linda? A. $524 B. $392 C. $188 D. $132

  • This Question is Closed
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    @gaos can you help me?

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    sorry, i was out. let do it now, martin= 188x12x4=9024 linda=247x12x3=8892 9024-8892= 132 d

  3. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    can you help me with one more?

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    @gaos

  5. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yes

  6. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?

  7. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    @gaos there is the question.

  8. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    c=$(1+%)^t c=1700x1.29 c=2193

  9. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    so 2193 is the answer.....?

  10. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yes

  11. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Both of them are correct

  12. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.