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

which one of the following is a correct spelling of a plural noun. A) buffaloes B) oxes C) gooses D) knifes

Which state applied to join the Union in 1819?

Which is the appositive in this sentence? The lead actor in our school play, Jesse Phillips, auditioned for a part in a community theater production. a. Jesse

Which on of these numbers is not like the others? 25, 16, 49, 63, 81

Which composer became an American citizen in 1940? -Richard Wagner -Ludwig von Beethoven -Igor Stravinsky -Claude Debussy

What's tallest mountain in Montana

Give the coordinates of the point located halfway between (2,1) and (2,4).

Why did the Confederation Congress call for a Constitutional Convention?

What is 114006 in expanded form?

Novel pantai kasih... Perbezaan watak utama dengan watak sampingan?? #hope dpt tlg