Question 41
By the time Janet pays off the loan, what is the total cost of her trip?
Question 4 options:
$3,500
$4,441.17
$3,681.42
$3,685.05
Question 5
What is the equation to find your new balance after each month?
Question 5 options:
New balance = Previous balance - Interest paid
New balance = Previous balance - Principal paid
New balance = Principal paid - Interest paid
New balance = Previous balance - Total monthly payment