potatoechuck5966 potatoechuck5966

12-11-2017
Mathematics

contestada

Ifyouborrow$1200at14%interest,compoundedmonthly, and pay off the loan (principal and interest) at the end of two years, how much interest will you have paid?

Respuesta :

jorel1380 jorel1380

14-11-2017

0.14/12=.01167/month
(1.01167)^24=1.321
1.321x1200=1585.18
1585.18-1200=$385.18 interest paid
☺☺☺☺

Answer Link

Otras preguntas

You carefully weigh out 14.00 g of CaCO3 powder and add it to 56.70 g of HCl solution. You notice bubbles as a reaction takes place. You then weigh the resultin

Increasing and decreasing percentages.... help please!!!

how many electrons are in O2.

Which of the following could be a physical hazard

Which aspects of the Enlightenment are reflected in these two documents - the Declaration of Independence and the Declaration of the Rights of Man?

If an object is dropped from a height of 144 feet, the function h(t)=-16t^2 +144 gives the height of the object after t seconds. When will the object hit the g

Need help on number 11

Naturalistic observation is commonly used for anthropology studies. true or false

Joe and Hannah, the twins next door, prefer to swim in a fresh-water lake rather than in a chlorinated pool. In this sentence, which group of words is an

What is the best explanation for why a cell might shrivel? A, There is less water in the cell than there is water in the environment surrounding the cell. B, Th