Which of these might help you save money on a (2024)

Which of the following will save you money over the life of your loan (1 point) taking a loan with a longer term taking a loan with a higher APR making a smaller down payment making larger payments than required

A student wants to save money for a trip next summer She decides to save 5 on the first day and increase her savings by 3 each day until the last day of the month How much money will she have saved at the end of the month Assume number of days in month = 30

the interest is capitalized nbspIf you need to take out a 20000 student loan 2 years before graduating which loan option will result in the lowest overall cost to you a subsidized loan with 68 interest for 10 years a federal unsubsidized loan with 62 interest for 10 years or a private loan with 60 interest and a term of 15 years How much would you save over the other options All payments are deferred for 6 months after graduation

1 You miss the 13 th to 15 th payment of a loan The loan payments are 45173 each month and the interest rate is 295 compounded annually How much are you behind in your payments on the day that you miss the 15th payment

Consider a 9 comma 700 loan with payments every month an APR of 9 and a loan term of 10 years a Construct a table showing the interest payment and loan balance after each month Verify that with monthly payments of 12288 the loan balance reaches 0 after 120 months b How much interest is paid in the first month of the loan How much is paid toward the principal in the first month of the loan c How much interest is paid in the last month of the loan How much is paid toward the principal in the last month of the loan Question content area bottom Part 1 a Complete the table below for the first three months (Round to the nearest cent as needed) Month Amount Paid Interest Principal Balance 0 9 comma 700 1 (12288 ) enter your response here enter your response here enter your response here