WILL FAN AND MEDAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Using the information below, choose the correct answers.
Amount: $100,000
Rate: 7%
Payments: 360 @ $665.31
Total Interest: $139,511.60
How much will be repaid for this loan? $
231,511.60
100,000.00
239,502.40
What percentage of this total is total interest?
60.2
58.2
56.2
What will be the average amount per payment for interest? $
387.51
387.53
385.51
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OpenStudy (anonymous):
@KatetheSlayer
OpenStudy (anonymous):
@mathmath333
OpenStudy (anonymous):
@iGreen
OpenStudy (anonymous):
@KittyT
OpenStudy (anonymous):
@Rainbow_dashie
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OpenStudy (anonymous):
@Kolink
OpenStudy (anonymous):
@PatrickWeeWoos
OpenStudy (anonymous):
@midhun.madhu1987
OpenStudy (anonymous):
@RyleeC
OpenStudy (anonymous):
Idk sorry.
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OpenStudy (anonymous):
ugh its okay do you know anyone that would
OpenStudy (anonymous):
@smartfan214
OpenStudy (anonymous):
@gorv
OpenStudy (anonymous):
@omgitsjc
OpenStudy (anonymous):
@kristyn-whitaker
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OpenStudy (anonymous):
@KittyT
OpenStudy (anonymous):
idk, @undeadknight26
OpenStudy (anonymous):
does anyone know
undeadknight26 (undeadknight26):
=.=
Gimme a second -_-
OpenStudy (anonymous):
okay
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undeadknight26 (undeadknight26):
Im assuming you need to create a exponential function to determine how much will be repaid?
OpenStudy (anonymous):
idk how to do it at all
undeadknight26 (undeadknight26):
Umm...Well you had to learn something in your lesson right?!
OpenStudy (anonymous):
no my teacher doesnt teach she just gives us the work and say turn it in the next day
undeadknight26 (undeadknight26):
Im sorry im not really fit for teaching and kinda forgot my exponential functions...Your teacher needs a brain honestly...
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OpenStudy (anonymous):
i agree with that
undeadknight26 (undeadknight26):
@Callisto @Callisto @ninaesb @paki @perl
OpenStudy (anonymous):
@justsmile531
OpenStudy (anonymous):
@keke_luvs_u
OpenStudy (anonymous):
@!Call~Me~Addi!
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OpenStudy (gorv):
Payments: 360 @ $665.31
OpenStudy (gorv):
total cost=360*665.31239511.6
OpenStudy (gorv):
total cost=360*665.31=239511.6
or amount+interest=100000+139,511.60=239511.60
OpenStudy (gorv):
What percentage of this total is total interest
(interest /total amount to be paid )*100=(139511.60/239511.60)*100=58.24 %
OpenStudy (gorv):
u need to do 360 payment ...so
amount per payment of interest= (139511.60/360)=387.51
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