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

The Diary of Anne Frank. List the conflicts that have developed among the characters by the end of act 1 scene 3. Why are these conflicts dangerous for the peop

what famous colonial slogan used to protest english taxes

Three consecutive integers such the three times the smallest is 12 more then the largest. Find the integers.

My Prime factors are 2,3, and 5, and I am a number between 58 and 68. What number am I?

Im having trouble on 2 questions... 2 (x-5)=x-8 and 2 (x-5)=x.... can u figure them out and explain how to get them.... thanks

Which inequality is used when the situation involves a "minimum".

Which of the following routes involves trade outside of the Byzantine Empire?

What is a sentence with the word abound

-4(4x+4)=2(2-7x) how do u do this and you have to use WHO and check your answer by plugging it in the original equation.SHOW ALL WORK

My Prime factors are 2,3, and 5, and I am a number between 58 and 68. What number am I?