cassimiller99 cassimiller99
  • 15-02-2018
  • Mathematics
contestada

why does it take 30 years to pay off 150,000 loan , even though you pay 1000 a month

Respuesta :

dinosaur367
dinosaur367 dinosaur367
  • 15-02-2018
interest rates i believe 

Answer Link
Аноним Аноним
  • 15-02-2018
This would be due to interest. As the month ends, you pay $1000, but your debt has increased as interest has been added onto your loan, making you go from owing $150000 to owing $150000+x, x being the interest gained at the end of the month.

Answer Link

Otras preguntas

Please help meeee thank youu
What is the impedance of an ideal parallel resonant circuit (no resistance in either branch)?
Help!! I need these requirements for my argumentive essay topic "Do violent video games make people more likely to be violent in real life?" my stance in the to
Pls help Which inequality represents this statement? A number is no less than 7. n>7 n<7 n<7 n > 7
Where does the artist live?
if you keep cutting a piece of paper will you ever hit a point where the paper is not paper anymore?Explain or No Brainliest
A diagonal of a square tile is 10mm.What is the area of the tile?
Given parallelogram QRST, where QR = 5x - 12 and ST = 2x + 27.Find the length of ST
unit rate- grew 10 inches in 5 months ANSWER FAST WILL GIVE BRAINLEIST
which of the following is not associated with the computer industry in India ​