simrankaur89 simrankaur89

13-11-2019
Mathematics

contestada

2. A loan for $4000 with interest at 6.75% compounded semi-annually is repaid after 5 years. What is the amount of interest paid?

Respuesta :

rowan35husky rowan35husky

16-11-2019

Answer:

Total Interest paid is $713.60

Loan $4,000.00 x60 months x6.75%

Payments $78.56X60=4,713.60

Deduct starting balance of $4,000.00 from total payments

Total $713.60

Step-by-step explanation:

Answer Link

Otras preguntas

What is 8 = 3x + 6y?????

What caused the rise of the Italian city-states?

Mary bought a book that cost $18 at a diascount of 16% . what did she pay for the book

Valentina purchased 200 beads for $48 to make necklaces.If she needs to buy 25 more beads , how much will she pay if she is charged the same rate?

Was the Mexican Revolution a total war, limited war, civil war, or guerrilla warfare?

can someone solve this 9|x+8|+10 <55?

what is he unit rate of 420 miles in 7 hours

is 5/8 bigger or smaller than 4/6is -3/2 bigger or smaller than -4/6

what are the rules for having variables on both sides of the equation?-2y+5=-4y+7I know the answer..i just cant understand why?thx

is 1/5 bigger or smaller than 1/6