algebra help can i gets some help with this question

May 13th, 2015
Price: $5 USD

Question description

To finance your vehicle purchase you have two choices.  Write two equations, one for each bank, that models the banks' loan options using x for the price of the vehicle and y to represent the total cost (price, interest and origination fees)paid on each loan.  Be sure to label which equation goes with which bank.

Bank A:  Finance the full price of the vehicle at 5% with an origination fee of $200 paid over 5 years.

Bank B:  Finance the full price of the vehicle at 6% paid over 5 years (no additional fees).

Tutor Answer

(Top Tutor) sachintha
School: Carnegie Mellon University

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