Unit 2 Lesson 2: Calculating Monthly Charges
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Last updated over 1 year ago
9 questions
Required
1
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
What value will be used for p?
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
What value will be used for p?
1
Spongebob needs to borrow $7000 for a boat. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?What value will be used for r?
Spongebob needs to borrow $7000 for a boat. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
What value will be used for r?
1
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?What value will be used for t?
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
What value will be used for t?
1
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
Spongebob needs to borrow $7000 for a boat loan. His fair credit score of 650 snags him a loan at 9.75%, to be paid back over 36 months. What will his monthly payment be?
1
How much did Spongebob ultimetly pay for the boat?
How much did Spongebob ultimetly pay for the boat?
1
Sandy also needs to borrow $7000 for a boat loan. Her excellent credit score of 802 snags her a loan at 3.75%, to be paid back over 36 months. What will her monthly payment be?
Sandy also needs to borrow $7000 for a boat loan. Her excellent credit score of 802 snags her a loan at 3.75%, to be paid back over 36 months. What will her monthly payment be?
1
How much money will Sandy pay for her boat?
How much money will Sandy pay for her boat?
1
Describe in words how you got your last answer
Describe in words how you got your last answer
1
How much did Sandy save by having a great credit score?
How much did Sandy save by having a great credit score?