Amy and Chuck each buy a car for $20,000. Amy's monthly payment is
$100 more per month than Chuck's. Which of the following statements
would explain the difference?
А
B
Chuck has a lower credit score, so
his interest payments are also lower
Amy made a larger down payment,
so her monthly payments are also
larger
С
D
Amy chose a shorter term for her
loan, so her monthly payments are
higher
Chuck's interest rate is higher, so his
monthly payment due is also lower

Answers

Answer 1
Amy has a shorter term loan
Answer 2

Amy chose a shorter term for her loan, so her monthly payments are higher. This statement best describes Amy's difference in the monthly payments. Thus, option C is appropriate.

When you accept money from a relative, bank, or other financial organization in exchange for future principal and interest repayment, that transaction is known as a loan. They may be secured, such as a mortgage and home equity line, or they may be unsecured, like an individual loan or cash advance loan.

A loan with simple interest is not compounded. This means that you pay a fixed weekly amount plus interest because your interest is based on the loan's remaining principal balance.

Thus, option C is correct.

Learn more about the Loan here:

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Related Questions

ACCORDING TO THE PREAMBLE WHAT RIGHTS DO “WE THE PEOPLE” HAVE? NAME 5 OF THEM.

Answers

Answer:

The preamble sets the stage for the Constitution (Archives.gov). It clearly communicates the intentions of the framers and the purpose of the document. The preamble is an introduction to the highest law of the land; it is not the law. It does not define government powers or individual rights.

Establish Justice is the first of five objectives outlined in the 52-word paragraph that the Framers drafted in six weeks during the hot Philadelphia summer of 1787. They found a way to agree on the following basic principles:

"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."

Explanation:

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rental payment

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How the Supreme Court has balanced the values of order and freedom in the
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Answers

the Court decided that a student's constitutional right to freedom of expression existed in schools as long as the expression did not cause or could not reasonably be predicted to cause a substantial disruption to the work of the school

Laura is a case manager for an inner-city halfway house. She oversees newly-released inmates and helps them to slowly adapt back into normal life, whether that be finding jobs or enrolling in educational programs. The Law, Public Safety, and Security cluster pathway that Laura's job belongs in is: 1.Correction Services. 2.Legal Services. 3.Emergency and Fire Management Services. PLS HEALP ME WITH THIS QUICKLY!

Answers

Answer:

1. Corrections services

Explanation:

Laura's job belongs to the correction services. Correctional managers like Laura provide very serious connections between the prison system and social services. Her job is to work in a capacity with with convicted criminals In A way of rehabilitating and reintegrating them back into the Society. Her jobs primary focus is to provide direct rehabilitation and social services such as job as well as counseling. A corrections degree is needed to be able to work in this capacity.

Answer:

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Explanation:

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