Solve the problem.You need a $120,690 loan. Compute the monthly payment for each of the loan options listed below. Assume that the loans are fixed rate.Option 1: a 30 year-loan at an APR of 7.15%Option 2: a 15-year loan at 6.75%
A. Option 1: $832.96
Option 2: $1116.40
B. Option 1: $803.13
Option 2: $1035.62
C. Option 1: $829.12
Option 2: $1104.52
D. Option 1: $815.15
Option 2: $1068.00
Answer: D
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Provide an appropriate response.What is the compound interest formula for interest paid more than once a year?
A. A = P
Y
B. A = P
nY
C. A = P x (1 + APR)Y
D. A = P x (1 + APR)nY
Classify as an expression or an equation.7x + 1
A. Equation B. Expression
Using the compound interest tables, answer each of the following questions.Required: a.Jane has a $35,000 bank loan that she wishes to pay off in five equal annual payments with 12% interest. If the first payment is due one year from today, what will be the amount of the annual payment necessary?b.Joan wants to borrow some money from the bank to start a small business. Joan can afford to pay off the loan in 15 annual installments of $9,500. The bank charges an annual interest rate of 12%. If Joan makes the first payment one year from the date of the loan, how much can Joan borrow?
What will be an ideal response?
When the behavior of one or more research participants is measured over time, this is called __________ research.
A. longitudinal B. developmental C. cross-sectional D. sequential