cruzmarleen05 cruzmarleen05

04-04-2021
Business

contestada

You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?

a.1,239
b.1,311
c.1,417
d.1,508

Respuesta :

topeadeniran2 topeadeniran2

09-04-2021

Answer: 1417

Explanation:

The information can be gotten from the question:

Principal = $200000

Rate = 8.5% = 0.085

Simple interest = PRT

= 200000 × (0.085/12) × 1

= 200000 × 0.0070833

= 1416.6667

= 1416.7

Answer Link

Otras preguntas

Rewrite the following in terms of ln 2, ln 3, and ln 5. Then use ln 2=0.693, ln 3=1.099, and ln 5=1.609. 1. ln 6 2. ln (10/3) 3. ln 30 4. ln 12 5. ln (2/5) 5. l

find correct two decimal places, the radius of the circle with the given circumference: 35cm

Benjamin is making bow ties . How many 1/2 yard-long bow ties can he make if he has 18 feet of fabric!

If x= 0, 1, 2, and 3 and y=1, 1.5, 2, and 2.5, then what is the "y=" function?

What issues led to the revolts in South America? social injustice slavery emigration economic restrictions

Which one of the following reactions occurs in the cristae of the mitochondria? A. The citric acid cycle B. The electron transport chain C. The prep reaction

round 0.4625 to the nearest cent

Which group convinced President James Madison to go to war with England in 1812? A. land-hungry politicians from the West and South B. angry veterans of the Rev

Is the sentence a simple or a compound sentence The hat was dark green and had a wide brim A simple B Compound

Jared is putting a new deck off the kitchen. The deck will be 94.45 inches deep. He will use 16 boards that are each 5.7 inches wide. He has to leave a small