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

this state's electoral votes ended up determining who was president in 2000. nebraska florida south carolina michigan
He statement "matter can be neither created nor destroyed by chemical means, but it can be changed from one form to another" is the chemical law of (A) conserva
el sin tilde y con tilde oraciones
how do people earn a living from gambling
how will a decrease in the number of foreign tourist affect tourism in south africa ? mention 5 possible reasons
a cell phone carrier charges flat fee 40 dollars total cost talking 20 minutes 41 dollars what is the rate of change of the cost per minute
In Theodore Roethke's poem My Papa's Waltz, how might the rhythm be described? "choppy" and "disorienting" "sad" and "quiet" "regular" and "like a dance" "irreg
What is the most common cause of desertification
sound and light are made up of matter. true or false.
when constructing a dichotomous key, you should start with general characteristics and then move to more specific characteristics. true false