Question

Sydney is purchasing new windows for her home, which have been quoted for

$18,000. She would take out a loan with a 7.5% interest rate for five years.
She is expecting that the windows will add $25,000 of value to her house for
resale. Will she spend more than that overall or should she buy it?

Answer 1

Answer: She's spending less so she should buy it becasue it's less than her overall.

Explanation:

$18,000

Rate is 7.5

years 5

Intrest= 18000x7.5x5/100=

180x7.5x5/1=$6750

Selling price= $18000+$6750=$24750