Mathematics: 3) Luan is borrowing $5000 to buy Sacramento Kings season tickets for her family. She is planning to pay it back over three years. She can borrow the money from a finance company at a 6.5% add-on interest rate for three years or she can borrow it instead from her credit union, making 36 monthly payments of $164.50. Find the total amount Luan will have to pay back with each option and the APR (to the nearest half percent) of each loan.

3) Luan is borrowing $5000 to buy Sacramento Kings

tdyson3p6xvtu

13.02.2022

16000

Step-by-step explanation:

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vanessacox45

14.02.2021

Let's solve for x first,

3x + 5y - 5y = 1 - 5y

3x/3 = 1/3 - 5y/3

x = 1/3 - 5/3y

Let's now plug that into the other equation,

7(1/3 - 5/3y) + 4y = -13

7/3 - 35/3y + 4y = -13

7/3 - 7 2/3y - 7/3 = -13 - 7/3

- 7 2/3y (-3/23) = -15 1/3 (-3/23)

y = 2

The answer is 2

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