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 of these is a correct description of one of the ways in which a command economy differs from a market economy? a.market economies discourage free enterpri
There are 207 students In the 9 classes at east middle school. At this rate how many students are in 6 classes
What does 13.9 round to the nearest one?
the number of feet between 2 object varies directly as the number of miles. if the distance between 2 object is 2 1/2 miles or 13,200 feet, how many feet are eq
if a worker is paid $ 8.16 per hour and works 8.5 hours in one week, how much he or she is paidfor that week
Explain how oral language choices can affect individuals on any personal level and on a cultural level
Which area of Europe experiences mild, rainy, winters, and cool, damp summers
Answer this questions plz PLZZZZZ PLZZZ I NEED HELP PLZ ANSWER
Originally, Athens was ruled ____________by tyrants. Later, Solon changed ________ laws: Athens' council would be elected by merit, not birthright. Eventually,
Using last night's simile or metaphor,explain its meaning?