Monthly payments, P = {R/12*A}/{1- (1+R/12)^-12n}
Where R = APR = 4.4% = 0.044, A = Amount borrowed = $60,000, n = Time the loan will be repaid
For 20 years, n = 20 years
P1 = {0.044/12*60000}/{1- (1+0.044/12)^-12*20} = $376.36
Total amount to be paid in 20 years, A1 = 376.36*20*12 = $90,326.30
For 3 years early, n = 17 year
P2 = {0.044/12*60,000}/{1-(1+0.044/12)^-12*17} = $418.22
Total amount to be paid in 17 years, A2 = 418.22*17*12 = $85,316.98
The saving when the loan is paid off 3 year early = A1-A2 = 90,326.30 - 85,316.98 = $5,009.32
Therefore, the approximate amount of savings is A. $4,516.32. This value is lower than the one calculated since the time of repaying the loan does not change. After 17 years, the borrower only clears the remaining amount of the principle amount.
2 + (-20) + 8.....when sea level is 0.
starting on a platform 2 ft above sea level....so it is 2
dive down 20 ft....so this is below sea level...so it is -20
rise 8 ft...so it is 8
so ur answer is : 2nd answer choice
Answer:
B) $19.72
Step-by-step explanation:
Sorry if I am late, hope you got a good grade:)
I got a 100 on the test for edge 2020
Answer:
the answer is 21.Here is how I know
She would've eaten half of the cake, or 8 oz.
