The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.
The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.
<h3>Calculation of Monthly Payment</h3>
We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,
![\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28](https://tex.z-dn.net/?f=%5Crm%20Interest%20for%5C%20Second%5C%20Year%3D%20Monthly%5C%20Payment%5C%20x%5C%2012%5C%5C%5C%5C%5Crm%20Interest%20for%5C%20Second%5C%20Year%3D%2028.69%5C%20x%5C%2012%5C%5C%5C%5C%5Crm%20Interest%20for%5C%20Second%5C%20Year%3D%20%5C%24344.28)
So, the total interest paid at the end of the second year will be,
![\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10](https://tex.z-dn.net/?f=%5Crm%20Total%5C%20Interest%5C%20for%5C%20Two%5C%20Years%3D%20Interest%5C%20for%5C%20One%5C%20Year%2B%20Interest%5C%20for%5C%20Second%5C%20Year%5C%5C%5C%5C%5Crm%20Total%5C%20Interest%5C%20for%5C%20Two%5C%20Years%3D%20902%2B344.10%5C%5C%5C%5C%5Crm%20Total%5C%20Interest%5C%20for%5C%20Two%5C%20Years%3D%20%5C%241246.10)
So, the total interest paid fully at the end of two years will be $1246.10
Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.
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brainly.com/question/22891559
Given that <span>Al
contracted to sell his house to bev. subsequently, they both changed
their minds and agreed to cancel the contract.
The contract between al
and bev is discharged by rescission.</span>
Answer:
Missing word <em>"a. What must the six-month risk-free rate be in Japan"</em>
<em />
a. Spot rate = 1 US $ = 1.2377 Aus.dollar
Forward rate = 1 US $ = 1.2356 Aus.dollar
<u>1.2356</u> = <u>(1 + i Ad)</u>
1.2377 (1 + 0.05)
0.9983 * (1.05) = 1 + i.Ad
1.048215 = 1 + i.Ad
i.Ad = 1.048215 - 1
i.Ad = 0.048215
i.Ad = 4.82%
b. Spot rate = 1 US $ = 100.3300 Japan Yen
Forward rate = 1 US $ = 100.0500 Japan Yen
<u>100.0500</u> = <u>(1 + i Ad)</u>
100.3300 (1 + 0.05)
0.9972 * (1.05) = 1 + i.Ad
1.04706 = 1 + i.Ad
i.Ad = 1.04706 - 1
i.Ad = 0.04706
i.Ad = 4.71%
The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay the pressure to the brake units.