Hour 6 PreCal Finance Project By Jason Byrne
Jenny's Monthly Payment Including Rationale
Including the rationale, totaling to about $723.91, she can afford around $416.09 per month.
Interest Rate and Total Amount Jenny can Borrow including Rationale
Using the interest rate, Jenny can barrow $238,143.70.
Including rationale, she can borrow $88,485.15.
Increasing The Minimum Monthly Payment
If Jenny decided to increase the minimum monthly payment by 15% or $445.05, then she would save (360-296) 64 months in time and (160,218-139,320) $20,898 in money.