Maurice Tutor

(5)

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Oct 2017 My Price 4.00

amount repaid

To purchase a new car it is necessary to borrow $18,550. The bank offers a 5-yr loan at an interest rate of 41% compounded annually while the car dealer offers a 6-yr loan at an interest rate of 4% compounded annually If you make only one payment at the end of the loan period repaying the principal and interest a. For each case, what is the total amount that must be paid back?

b. For each case, how much of the total amount repaid represents interest?

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Oct 2017 11:10 PM My Price 4.00

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