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Holly Kresch is thinking of buying a home for $ 2 6 3 , 6 0 0 . State Bank advertises an 8 0 %
Holly Kresch is thinking of buying a home for $ State Bank advertises an thirtyyear simple interest amortized loan at interest, with an APR of Boonville Savings and Loan advertises an thirtyyear simple interest amortized loan at
interest with an APR of Round your answers to the nearest cent.
a Find Holly's monthly payment if she borrows through State Bank.
b Find Holly's monthly payment if she borrows through Boonville Savings and Loan.
c Use the APR to approximate the fees included in the finance charge by State Bank.
d Use the APR to approximate the fees included in the finance charge by Boonville Savings and Loan.
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