lashann72 lashann72

15-05-2024
Mathematics

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Four people are each needing a loan for a $50,000 purchase. The following are the terms of the loans each of the people found for their purchase. For each case, you are given the yearly interest rate, the down payment, the amount financed, and the duration of the loan. Interest will be accrued and paid monthly, and the borrower will make equal monthly payments for the duration of the loan. Find the total amount each person paid for their purchase, including the down payment and all the payments made during the duration of the loan. Put the buyers in order from the one who paid the most to the one who paid the least.

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