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 body system is red marrow found

After hearing that his ________ had been published in the New York Journal, author Mark Twain sent a message to the press that said, "The reports of my death ar

Which of the following are characteristics of Ascomycota? Check all that apply. flagellated spores spores produced in the ascus lack reproduction phase importan

PLEASE HELP! ASAP! I WILL GIVE BRAINLIEST What is 365x853. Can you help me? Thank you!

What is an example of strong nuclear force

Solve for z over the imaginary numbers. Please help!

Compare 1/4 1 liter which one is it <, =, or > this one

Waves crash against the shores of an island, creating beaches and gullies. In this scenario, what is the primary landform and what is the secondary landform?

Ann is one chapter in a book. The book has 31 chapters. What percent has Ann read?

Order the numbers from least to greatest .8, 8%, 18%, 1/8, 8/18