Allison Davis-hour 5
Brent the Construction Foreman: Scenario 1
I asked my parents and they said that he needed about $1,500 dollars for himself each month for clothing food, and other materials.
I found the rate on Wells Fargo.com on December 15, 2013. The rate I used was 4.750%
The result of the equation is Brent would have to pay $1017.21 per month.
The first equation is the amount of money he would be paying if he decided with the minimum payment approach.
The second equation is the amount of money he would be paying if he decided to increase the payment per month by 15%.
Maher, S. (2013, December 15). Zillow. Retrieved from http://www.zillow.com/homedetails/1236-N-Prince-Edward-Is-Olathe-KS-66061/75614085_zpid/.