Subsidized direct loan provides interest subsidy meaning department of education pays your interest while.
<h3>What is loan?</h3>
The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans come in many different forms. There are a number of factors that can differentiate the costs associated with them along with their contractual terms. Interest rates have a significant effect on loans and the ultimate cost to the borrower. Loans with higher interest rates have higher monthly payments or take longer to pay off than loans with lower interest rates.
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0.35 metric tons (mt) of crude oil will cost $112 if 0.90 mt cost $288.
Crude oil and other hydrocarbons can be found in liquid or gaseous form in tar or oil sands, small cavities within sedimentary rocks, and underground pools or reservoirs.
<h3>
What are crude oil and its uses?</h3>
Natural petroleum products like crude oil are made up of deposits of hydrocarbons and other organic elements. Crude oil, a sort of fossil fuel, is refined to create useful products like gasoline, diesel, and numerous other petrochemicals.
Given,
Crude oil = 0.9 (mt) cost is $288.
Required to Find Cost of Crude 0.35 (mt) =?
Find Cost of Crude (0.35 mt) = $288 multiply by 0.35 and divide by 0.9.
Find Cost of Crude (0.35 mt) = $288 x 0.35/0.9
Cost of Crude (0.35 mt) = $112
Thus, Crude oil will cost $112 for 0.35 metric tons (mt).
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D. All of these can be changed in the long run
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A. 6%
Calculator entries are N = 10, PV = -1,055.84, PMT = 60, FV = 1,100, CPT I/Y 6
