Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. select the correct answer from each drop-down menu

Select the correct answer from each drop-down menu.A couple took out a 5-year $30,000 loan...

70.2K

Verified Solution

Question

Basic Math

image

Select the correct answer from each drop-down menu.A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, the loan payments they had made to the bank amounted to$38,250.The interest rate on the loan, compounded continuously, is %. If they had taken an 8-year loan instead of a 5-year loan, they would have paid approximately $more.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

From the list of Virchow's triad can you think what risk factors might be responsible for...

Civil Engineering
1.2K views

A four-lane undivided multilane highway (two lanes in each direction) has 3.4 m lanes and 1.5...

Physics
1.2K views

I need from 6 to 8 line What is interoperability as used in the EHR and...

Biology
1.2K views

A clinical microbiologist makes serial dilutions of several antimicrobials in broth, and then incubates each...

Physics
1.2K views

If there is only one type of charge in the universe then Electric field Area...

Statistics
1.2K views

Here are the heights in inches of 10 students in a seminar 60 70 58...

Algebra
1.2K views

12 0 77 points References Exercise 2 4A Algo Effect of accounts receiva statements LO...

Accounting
1.2K views

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit...

Accounting
1.2K views

The balances in Nula's Accounts Receivable and Allowance for Doubtful Accounts on December 31, 2019...

Accounting
1.2K views

which type of blockchain would an Accounting department of a large international firm set up...

Accounting
1.2K views

James and Esther Johnson live at 45678 S.W. 112th Street, Homestead, FL 33033. James, who...

Accounting
1.2K views

Weston Products manufactures an industrial cleaning compound that goes through three processing departments - Grinding,...