The correct answer here would be a job specification.
Answer:
because he needs to see.
Explanation:
but it is adorable, maybe he needed wider glasses to fit the width of his face? i.d.k he looks like a cool kid though.
Answer:
$479,500
Explanation:
To determine the interest due for the first payment we can solve the following:
interest due on payment 1 = total debt x interest rate x 1/12 = $480,000 x 10% x 1/12 = $4,000
Now we need to subtract the interest due from the first payment:
principal paid = payment - interest due = $4,500 - $4,000 = $500
remaining principal = $480,000 - $500 = $479,500
Let’s just say that the entire year is 365 days. So, we need to divide the APR (13.50%) to 365. This gives us a value of 0.037% and since the the billing cycle is 30 days, we need to multiply 0.037% to 30 to get it’s periodic interest rate. Therefore, the periodic interest rate is 1.11%.
