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

What are some differences and similarities between the Pueblo and the Navajo?

Simplify the expression below: 4+2×[(3+1)×5] (show work please need it for review)

The author is describing the slow march towards Nazism in Germany during the 1930s, which ultimately led to the Holocaust. Based on the excerpt, what do you fe

What are the difference and similarities of USDA and ISSS

which landform represents the boundary between the land and an ocan or lake A) coastline B) delta C) dune D) glacier

Denny has a higher APR than torey. Which of the following statements provide the reason for this? A. Denny's credit limit is higher than Torey's credit limit. B

What important discovery was made by Edmond Halley and Alexis Clairaut, using Newton's ideas of mathematics and gravity? A. They explained why objects appear to

the first step for bisecting an angle is to strike an arc that intersects both _________ of the angle.

Read this excerpt from Jonathan Swift's "A Modest Proposal," in which he explains how poor parents could benefits by selling their infants for use as food. "Se

Find the length of the mid segment.