The monthly payment is $386.67.
<h3>
What is the monthly interest rate?</h3>
- A monthly interest rate is simply the amount of interest charged in one month.
- This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
- APR, on the other hand, is the annual percentage rate charged on a loan for a year.
So,
- PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
- CPT PMT which equals $386.67
Therefore, the monthly payment is $386.67.
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Answer:
A. Take regular EBS snapshots .
Explanation:
-
is incorrect. It lacks durability of EBS volumes.
-
is incorrect. ECT Instance stores are not durable.
-
is incorrect. Mirroring across EBS volumes is pargely inefficient.
-Since EBS snapshots only saves snapshots of the most recent device changes, a great deal of time and memory is saved. Also, only data unique to any particular snapshot is removed in cases of deletion.
I do believe that gifts to a spouse are exempt from any gift tax. So $0 is taxable.
Answer:
$5,983.40
Explanation:
Data provided in the question:
Principle amount = $5,000
Interest rate, r = 6% = 0.06
Time, t = 3 years
Compounded monthly i.e number of periods n = 12
Now,
Final amount = Principle × 
or
Final amount = $5,000 × 
or
Final amount = $5,000 × 1.005³⁶
or
Final amount = $5,000 × 1.196
or
Final amount = $5,983.40
