Respuesta :
Answer:
The amount paid each month would be 125$
The amount will Samantha pay in interest is $12,375
Step-by-step explanation:
In order to calculate How much will Samantha pay each month we would have to make the following calculation:
loan amount is $15,000 for 10 years
Therefore, amount paid each year would be=$15,000/10=$1,500
Hence, amount paid each month would be=$1,500/12=125$
In order to calculate How much will Samantha pay in interest we would have to make the following calculation:
I=P*r*n
I=$15,000*8.25%*10
I=$12,375
The amount will Samantha pay in interest is $12,375
Answer:
The amount paid each month would be 125$
The amount will Samantha pay in interest is $12,375
Step-by-step explanation:
In order to calculate How much will Samantha pay each month we would have to make the following calculation:
loan amount is $15,000 for 10 years
Therefore, amount paid each year would be=$15,000/10=$1,500
Hence, amount paid each month would be=$1,500/12=125$
In order to calculate How much will Samantha pay in interest we would have to make the following calculation:
I=P*r*n
I=$15,000*8.25%*10
I=$12,375
The amount will Samantha pay in interest is $12,375
