Answer:
100% of the 2nd monthly payment go toward the repayment of principal.
Step-by-step explanation:
The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: 
× 
= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e 
= $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal
Answer:
Answer in the pic with steps
Hope it helps
Answer:
Step-by-step explanation:5,7 3,9
Answer:
<h2>
<em>3</em><em>9</em><em> </em><em>units</em></h2>
<em>Solution,</em>
<em>Total </em><em>area=</em><em>Area </em><em>of </em><em>ABCD+</em><em> </em><em>Area </em><em>of </em><em>triangle </em><em>ADE</em>
<em>
</em>
<em>hope </em><em>this </em><em>helps.</em><em>.</em><em>.</em>
<em>Good </em><em>luck</em><em> on</em><em> your</em><em> assignment</em><em>.</em><em>.</em><em>.</em>
Attached is a picture of my answers.
