cruzmarleen05
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 supports the idea that birds and butterflies both have wings but they do not have a common ancestor with wings? A. The wings are analogous structures that
what is the most necessary information that happened in the titanic movie
What does the term "deforestation" mean? What landform are we studying that deforestation is impacting greatly in Brazil? Describe how and why this is happening
What ethic groups are most affected by obesity and why?
What was the significance other than the obvious harm to us forces of the terror attack on the uss cole in 2000
Help me please? ASAP. 10 points??
In which layer of earth do most earthauakes occur A_ inner core B_outer core C_mantle D_crust
The cardiovascular system, which transports blood through the body, is a one-way system. Please select the best answer from the choices provided. T F
which of the following represents the length of a diagonal of this trapezoid?
which type of market produces the highest level of output at the lowest price to consumers?