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

List some strategies that can help you improve how you learn and build new knowledge

The above abolitionist was tried and convicted of treason. what happened to him on december 2, 1859?

How to solve the problem step by step.

Scientific method is a model or guide used to solve problems true or false

Renaldo will write 3/20 as a decimal. Which of the following methods should he use? Please hurry and answer this

Mabel is installing a square pool in her backyard and wants a circular fence to enclose the pool to create 4 grassy areas around the pool as show in the figure.

Write an expression for the number of hours in an unknown number of minutes.

Which number in the monomial 215x18y3z21 needs to be changed to make it a perfect cube? 3 18 21 215

Jessica is baking a cake. the recipe says that she has to mix 96 grams of sugar into the flour. jessica knows that 1 cup of this particular sugar has a mass of

Detached earlobes are dominant. If a mother has the genotype Ee and a father has the genotype Ee, what is the chance that their child will have detached earlobe