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zepelin [54]
2 years ago
13

Cory took out a loan at a 13.5% APR, compounded monthly, to buy a car, and he is making monthly payments to pay off the loan. Wh

ich of these interest rates would have allowed Cory to pay off the loan faster?
A. 15.0%, compounded monthly
B. 14.4%, compounded monthly
C. 13.2%, compounded monthly
D. 13.8%, compounded monthly
Mathematics
2 answers:
Irina-Kira [14]2 years ago
8 0
The lowest interest rate is the one that will allow the loan to be paid fastest (for the same payment amount).
  C. 13.2%, compounded monthly
alisha [4.7K]2 years ago
3 0

Answer:

C. 13.2%, compounded monthly

Step-by-step explanation:

REmember that the credit loans that are compounded monthly are loans that charge you every month with interests and are added into the debt that you currently have with your bank or financial institution, so the since they are all compounded monthly the one tha will allow to pay faster the loan will be the one that has lower interests rates, so that owuld be 13,2% compounded monthly so that would be the answer.

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What is the value of $x$ if $-\frac23(x-5) = \frac32(x+1)$?
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Answer:

x = (-29)/5

Step-by-step explanation:

Solve for x:

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4 (x - 5) = 9 (x + 1)

Expand out terms of the left hand side:

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Expand out terms of the right hand side:

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Multiply numerator and denominator of 29/(-5) by -1:

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ANSWER

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