I will make you brainlist
Amber borrows $5,000 from the bank. If she repays the loan in 5 years, the annual interest rate is 8%, compounded annually. However, if she can repay the loan in 3 years, the annual rate is 6.5%, compounded annually. How much interest will Amber save by repaying the loan in 3 years? (to the nearest dollar)
A) $1,152
B) $1,307
C) $583
D) $971
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “I will make you brainlist Amber borrows $5,000 from the bank. If she repays the loan in 5 years, the annual interest rate is 8%, compounded ...” in 📘 Mathematics 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
Equivalent form of 9/10
Answers (2)
7x+39≥53 AND 16x+15>31
Answers (2)
Which of these colonial American ideas came from the English Bill of Rights? 1. All citizens have basic rights. 2. Citizens can govern themselves 3. Government should have limited power 4. The press must be free
Answers (1)
The population of a town increased from 5,400 to 6,000 people. What was the percent of the increase?
Answers (1)
Which answer describes the function f (x) = 2x^3-x^2? A. even B. odd C. neither
Answers (1)
New Questions in Mathematics
The graph of f passes through (-10, 4) and is perpendicular to the line whose equation is x = - 4.
Answers (1)
Jacob has 16 toy cars. 3/8 of the cars are red and the rest are blue. how many cars are blue
Answers (1)
Sarah's Shipping and Ryan's Mail Services both ship packages. Sarah's trucks will only carry loads of 18 packages. In contrast, Ryan's trucks will only carry loads of 11 packages.
Answers (1)
Which equation has a constant of proportionality equal to 15?
Answers (1)
13, 967 round to the nearest 100
Answers (1)