Hailey is considering taking out an 8-year loan with monthly payments of $115 at an APR of 3.2%, compounded monthly, and this equates to a loan of $9728.75. Assuming that Hailey's monthly payment and the APR of the loan remain fixed, which of these is a correct statement?
A. If it were a 6-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
C. If it were a 12-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
D. If it were a 10-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Hailey is considering taking out an 8-year loan with monthly payments of $115 at an APR of 3.2%, compounded monthly, and this equates to a ...” in 📘 English if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Match the example to the word. 1. purring kitten understatement 2. playing people passed the pond hyperbole 3. I know that goat odor. alliteration 4. He looked at his totaled bicycle and said calmly, "It's just a scratch." assonance 5.
Answers (1)
Which of the following choices by an author would be most likely to result in suspense?
Answers (1)
What is the destination of Phoenix Jackson in Eudora Welty's "A Worn Path"? A. Charity Ward B. Church C. Department store D. Town
Answers (1)
Which of the following regularly prompts Benjy's narrative flashbacks In The Sound and the Fury A. the word "fore" from the nearby golf course the word "caddle" from the nearby golf course B C. the furious sound of bees from the nearby pasture D.
Answers (1)
How did the Baptist faith change during the early to mid 1800s in the American South?
Answers (1)
New Questions in English
What does less dencity mean
Answers (2)
A self-contradictory statement is a sentence that is false entirely because of the grammatical construction and the meanings of the words used to form the sentences. a. True b. False
Answers (1)
Write a hook relating to love being painful. And a hook for friendship is loyalty.
Answers (1)
What is a literary element
Answers (2)
How did the author come up with the name "Remarque" to call himself?
Answers (1)