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Sagot :
If she decides to take out the 6-year loan, she would be responsible for paying interest of $3,410.80.
What is unitary method ?
Area is the entire amount of space occupied by the shape of an object or a flat (2-D) surface.
Use a pencil to draw a square on paper. There are two dimensions in it. On paper, a shape's area is the amount of space it occupies.
Consider your square as being composed of smaller unit squares.
The number of unit squares needed to completely cover the surface area of a specific 2-D shape is equal to the area of a figure. Area measurements are frequently made using square cms, square feet, square inches, square meters, etc.
Draw unit squares with 1-centimeter sides to equal the area of the square figures shown below. The shape will therefore be measured.
According to our question-
the five-year loan scenario.
She thus pays $2,810.80 in interest for the loan's five-year term.
Let's now calculate how much she would pay if she decided to take out a 6-year loan.
If she decides to take out the 6-year loan, she would be responsible for paying interest of $3,410.80.
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Complete answer-
Type the correct answer in the box. Use numerals instead of words. Bruce is considering purchasing a car for $10,000. He is thinking about using his savings to make a 20% down payment and then financing the difference over a 4-year loan. If he doesn't make the down payment, he'll qualify for an interest rate of 8. 0%. If he makes the down payment, he'll qualify for an interest rate of 7. 0%. Use amortization table provided to complete the statement. Round to the nearest cent, if necessary.
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