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anonymous
 one year ago
Can someone help me with 5 questions?
anonymous
 one year ago
Can someone help me with 5 questions?

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Megan and Tina each have loans for $7000 with a 3year loan term. Megan pays 6% interest and Tina pays 4% interest. If Megan’s monthly payment is $213 and Tina’s monthly payment is $207, how much more in interest will Megan pay than Tina? A. $213 B. $216 C. $452 D. $668

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Let me work it give me a min . ^^

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0A seems to be right.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0What is the total cost to repay a credit card loan with a balance of $25,000, an APR of 15%, and a minimum monthly payment of $330?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I don't know the answer for this.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I'm work it one moment,.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I want you to get this so to cal. total cost to want to change the APR rate percentage to a decimal.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0dw:1432946642317:dw

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0next you add that to 25k. and you get 28750

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Josh and Michael each have a loan for $6200 with a 4% interest rate. Josh has a monthly payment of $183, and Michael has a monthly payment of $114. How much more in interest will Michael pay if his loan term is 5 years and Josh’s loan term is 3 years? A. $114 B. $183 C. $252 D. $388

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0A appears to be right.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0On an easyaccess loan for $1500, what is the total cost to repay the loan in 30 days with a 22% monthly fee?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0i don't know this one either

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@amistre64 I will ask him to double check everything and help you further, I have to go >< sorry

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0No problem and Great luck in your studies ^^.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1total cost = total payment = loan + interest therefore interest = total payments  loan 36(p1)  L = int1 36(p2)  L = int2 int1  int2 is the difference in interest: (36(p1) L)  (36(p2) L) 36(p1)  36(p2) 36(p1p2) the difference in interest is simply the difference in payment over the 3 years.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0what is the answer though?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1im not going to add and multiply for you ....

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0what would the p stand for?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1payment, what is the difference in their monthly payments?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1you dont get what? the difference in the payments? this is starting at your first question. what are the payments?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1question 2 i disagree with as well. assume you have a bank loan of 25000 and are making payments of 330 a month, how long dies it take to pay off the loan? Bk^n = P(k^n1)/(k1) B(k1) k^n = Pk^n P P = Pk^n B(k1) k^n P = k^n(P B(k1)) P/(P B(k1)) = k^n log(P/(P B(k1))) = n log(k) log(P/(P B(k1)))/log(k) = n

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1http://www.wolframalpha.com/input/?i=log%28330%2F%28330+25000%28%281%2B.15%2F12%291%29%29%29%2Flog%28%281%2B.15%2F12%29%29 itll take about 236 payments to pay off. and a tad more

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0is that one for question 2?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1thats what i worked out for 2 yes. how long is 236 months?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1http://www.wolframalpha.com/input/?i=25000k%5E%28236%29330%28k%5E%28236%291%29%2F%28k1%29%2C+k%3D1%2B.15%2F12 see, when n= 236 we have just a tad bit left to go, and if n=237 we are negative ... so the last payment is the compounding of the 236th

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1236 payments, plus 136.32(1+.15/12) should do it

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1about 78 018, which is a far cry from 28 750

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1all that was to determine how long it would take to payoff the amount. I tend to use my own formula that makes much more sense to me.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1yes, i havent indicated otherwise.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1Josh and Michael each have a loan for $6200 with a 4% interest rate. Josh has a monthly payment of $183, and Michael has a monthly payment of $114. How much more in interest will Michael pay if his loan term is 5 years and Josh’s loan term is 3 years? this is like the first, except for different time spans as well 5*12*p1  L = int1 3*12*p2  L = int2 int1  int2 = 5*12*p1  3*12*p2 12(5p1  3p2)

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1i do not get A ... therefore i cant agree with any of the solutions that were presented

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1so, where do you want to start the study with?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0I finished.. Thank you very much!!!!

amistre64
 one year ago
Best ResponseYou've already chosen the best response.1ok, did you modify your choices any? or just went with what you had?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.11) 207 and 213 a difference of 6; 36(6) is 216 2) finding n was critical, the nP + the compounded remains is about 78018 3) 60 payments of 114  36 payments of 183 60(114)  36(183) = 252 those would have been my choices.
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