While shopping for a car loan, you get the following offers: Solid Savings & Loan is willing to loan you $25,000 at 13% interest for 5 years. Fifth Federal Bank & Trust will loan you the $25,000 at 7% for 6 years. Both require monthly payments. You can afford $500 per month. Which loan, if either, can you take?
?
?
A. Both
B. Fifth Federal Bank & Trust
C. Neither
D. Solid Savings & Loan
Answer: B
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Increasing the down payment on a mortgage reduces both the size of the monthly payments and the total interest paid. Calculate the reduction in the monthly payment by increasing the down payment by the amount specified, and the amount saved on interest over the life of the loan. Assume the mortgage is for 20 years and use the table to find the monthly payments.
A. $71.60, $17,184.00 B. $83.60, $20,064.00 C. $96.50, $23,160.00 D. $73.40, $17,616.00
Perform the indicated operation.v = -10i - 3j, w = i - 10j; Find v + 7w.
A. -3i - 73j B. -17i + 67j C. -3i + 73j D. -10i - 30j
Identify the vertex and axis of symmetry for the parabola.
A. (1, 4); y = 4 B. (1, 4); x = 4 C. (1, 4); x = 1 D. (4, 1); x = 4
Graph the given function as a solid line or curve and its inverse as a dashed line or curve on the same set of axes.f(x) = 2x
A.
B.
C.
D.