Answer:
$377, $6177
Step-by-step explanation:
Sounds like simple interest (interest added to the account at the end of each year).
Here the interest earned would be:
i = $5800*0.065*1, where the '1' represents 1 year. This comes out to $377.
Adding this to the $5800 principal, we get the end-of-year amount $6177.
Answer:
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Answer:
1047 m = c
Step-by-step explanation:
Given : Mr.kelly pays $12,564 a year for rent. His rent is a constant amount each month.
To Find:Which equation represents the amount he pays her month if m=months and c=total rent paid for the year?
Solution :
Since he pays for a year (12 months) = $12,564
Since His rent is a constant amount each month.
He pays for one month =
Thus the amount he pays per month $1047
If he pays for m months then the total amount(c) of rent for m months
⇒1047 m = c
Hence equation represents the amount he pays her month if m=months and c=total rent paid for the year: 1047 m = c
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32,998
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-4,200 = 28,798 Total Loan Amount
Monthly Loan Payments = 225 for months = 13,500.00 for five years
This amount doesn't equal the principal so the problem could be worded incorrectly.
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