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