1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wel
3 years ago
6

For a fixed loan amount, what happens to the monthly payment as the annual rate increases? a. as the annual rate increases, the

monthly payment increases c. as the annual rate increases, the monthly payment stays the same b. as the annual rate increases, the monthly payment decreases d. no correlation
Mathematics
2 answers:
Vladimir [108]3 years ago
5 0
Your answer would be A as the annual rate increases, so does the monthly.
GarryVolchara [31]3 years ago
3 0

Answer:

c. as the annual rate increases, the monthly payment stays the same.

Step-by-step explanation:

A loan is an amount of money given by individuals, organizations to borrower over a period of time and to repay the principal amount  with interest.

A fixed loan amount means that a borrower pays the same amount through each stage of agreed payment of the loan. The amount paid installmentally should not vary or fluctuate during the life of the loan. The amount paid by the borrower every month is fixed, thereby ensures that the loan is paid off in full with interest at the end of its term. As the annual rate increases, the monthly payment stays the same but the number of years may increase.

You might be interested in
Megan buys 3 bracelets and 3 necklaces. Each bracelet costs 5. Megan pays on 40 and gets 4 change. what is the cost of one neckl
djverab [1.8K]
The necklaces cost $3 each. 
8 0
3 years ago
Read 2 more answers
Please answer this correctly
atroni [7]

Answer:

1/7

Step-by-step explanation:

The probability of picking an even number is 3/7.

Without putting the first card back, the probability of picking an even number again is 2/6.

3/7 \times 2/6

= 6/42

=1/7

7 0
3 years ago
If n is the square root of a positive integer, and is divisible by both 2 and 6, what is the least possible value of n?
Paraphin [41]
6 is the square root of 36 and is divisible by 2 and 6. 
6 0
3 years ago
Arthur paid $0.84 for 0.25 pound of potato salad. How much does one pound cost?
SashulF [63]
$3.36 answer
Step-by-step explanation:
1 pound is 4 times 0.25 pounds.
$0.84 = 0.25 pounds
1 pound = $0.84 times 4
1 pound = $3.36
5 0
2 years ago
Read 2 more answers
HELPPPPPPPPPPP! Henley wants to buy a laptop for $1,100. She currently has $110 in savings. Assuming she continues to save 10% o
sammy [17]

Answer:

3months

Step-by-step explanation:

target $1100

currently saved $1100

so we get the amount she need to save to get to the target.

$1100 - $110= $990 Need to be saved

saving rate 10% of $3300= $330 per month

to get the number of months she need to save, we divide amount needed by amount saved per month; $990 ÷ $330= 3months

7 0
3 years ago
Other questions:
  • NEED HELP IN THIS QUESTION ASAP, WILL GIVE BRAINLIEST ANSWER
    15·1 answer
  • Drake wants to save $750 so that he can take a class on computer analysis for cars. The class is being held on various dates ove
    11·2 answers
  • A band expects to have 16 songs on their next album. The band writes and records 62.5% more songs then they expect to have in th
    7·1 answer
  • A bunch of bananas cost $4, a pineapple cost $2 more than a bunch of bananas, and 4 apples cost one-half of a pineapple.1. Write
    12·1 answer
  • Find the equivalent expressions for (x + 7)(x + 1).
    6·2 answers
  • Help please :) Whoever helps and gets answer correct gets Brainliest!
    12·2 answers
  • Chase needs 3 quarts of pineapple juice for the punch he is making. How many pints does he need to buy?
    12·2 answers
  • Anthony read 46 pages of a book in 23 minutes.
    9·2 answers
  • If 50% is 10 what is 75%​
    12·2 answers
  • Help me plz i need help add my friend on snap rosebi-tch456
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!