Asked by I ana
Lee purchased an automobile for $17,000 with a 16.0% APR for 78 months. Lee pays off the loan in 30 months. How much interest will Lee receive?
Answers
Answered by
Ms. Sue
Lee won't "receive" any interest. But, if you want to know how much interest he'll save, then figure the interest he'd pay for 6 1/2 years (78 months). Then figure the interest he'll pay for 2 1/2 years (30 months). Subtract the difference.
Answered by
Niels
Hi. My name is Niels, and i come from Denmark. i go to business school, and i am doing a project right now about North Korea.
it is includes the two subjects: society, and international economy.
the exact thing i am writing about is: North Koreas economy, the people in North Korea and North Korea's future.
i am going to an examination soon, where i have to tell some of the most important things in my project, but i also have to include some new things. i hope you can help me, with which new things would be good to include.
the best regards, Niels
it is includes the two subjects: society, and international economy.
the exact thing i am writing about is: North Koreas economy, the people in North Korea and North Korea's future.
i am going to an examination soon, where i have to tell some of the most important things in my project, but i also have to include some new things. i hope you can help me, with which new things would be good to include.
the best regards, Niels
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